It seems that the US’s daft ban on ZTE gear is doing more harm to its home-grown businesses which are suffering more.
The U.S. Commerce Department decided to punish ZTE for selling coms gear to the Iranians years ago and issued an export ban on the outfit. However that seems to be punishing a lot of US companies who depend on ZTE’s components or business.
Jose optical-parts maker Oclaro saw its shares plummet because it sells multiple products to ZTE, a maker of mobile devices and telecoms systems.
Chipmaker…
US’s ZTE ban backfires
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