The US Justice Department is investigating whether Huawei violated Iran sanctions, The Wall Street Journal reported, citing unnamed sources. We don't know the specifics of the investigation, but Huawei could face similar penalties if the government decides it acted improperly.
The action was sparked by ZTE's violation of an agreement that was reached after it was caught illegally shipping USA goods to Iran.
ZTE believes last week's supply ban imposed on it by the United States Department of Commerce is related to recent tensions between Washington and Beijing over trade, having said as much during a Wednesday conference call with suppliers, Reuters reports.
"It was a factual update on what happened, what they've done since the order was put in place, and what they're doing to remedy the situation", a Semiconductor Industry Association spokesman said.
Ford to phase out sedans in North America
The announcement, made during Ford's first quarter earnings report, reflects the new reality among today's automotive consumers. What vehicles will end up being eliminated according to CNN-Money? These include the 2019 Ranger pick-up.
It said it was committed to complying with the order and US export control regulations "while seeking a resolution to the matter on all available fronts and with the support of many of our business partners". Washington accused ZTE of violating an agreement on punishing employees after the company illegally shipped U.S. goods to Iran.
Acacia, the Massachusetts-based optical interconnect components maker, is among the major affected American companies.
A foreign ministry spokeswoman, Hua Chunying, said Thursday that China opposes any country imposing unilateral sanctions based on its own law.
With a trade spat escalating between the U.S. and China, and fresh from American phone networks AT&T and Verizon withdrawing their support of the Chinese brand - most handsets sold in the United States are subsidised by carriers - that dream appears further out of Huawei's reach.
Verdict expected in submarine death of Swedish journalist
Authorities haven't decided a explanation for dying for Wall, however stated her torso had been stabbed a number of occasions. Four other women testified that Madsen had invited them to join him on the submarine in the weeks leading up to Wall's death.
Huawei and ZTE have denied these allegations.
Analysts said a worst-case scenario could entail Huawei suffering the same fate as smaller Chinese rival ZTE which has lost access to US -made components as well as Google Android software in a similar probe.
The Commerce Department ban was ignited when ZTE admitted in March that while it had fired four senior employees, it had not disciplined or reduced bonuses to 35 others when it said it had.
ZTE's misdeeds with respect to the US government included proving networking equipment to sanctioned countries like North Korea and Iran. ZTE's core business was harmed severely and the company halted trading of its Hong Kong and mainland shares.
Mets Demote Struggling Matt Harvey To Bullpen
In his last three starts, deGrom is 1-0 with a 3.72 ERA, a 1.14 WHIP, five walks and 23 strikeouts over 19.2 innings of work. After getting pounded Thursday night in Atlanta , the New York Mets will look to rebound with their ace on the hill.
Since April 2016, ZTE Corporation (hereinafter referred to as "ZTE") has continuously reflected on lessons from its past experience in Export Control Compliance and has attached great importance to Export Control Compliance.