Friday, April 20, 2018

China's ZTE slams US ban, says company's survival at risk

China's ZTE Corp said on Friday that a ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.
Read more at https://www.channelnewsasia.com/news/technology/china-s-zte-slams-us-ban--says-company-s-survival-at-risk-10157658
 (Updated: )

Ricky Lim · 
ZTE chairman Yin Yimin told domestic media on Friday at its Shenzhen headquarters that the firm would increase research and development as "relying on oneself is better than relying on others," state media Xinhua reported.
E-commerce giant Alibaba Group Holding Ltd said on Friday it had acquired a Chinese chipmaker that it said underlines its commitment to driving the development of the chip industry.

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When China companies succeeded in producing its own chips - US tech companies will lose big customers from China --- and further impair the business opportunities of US tech companies.
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