Forecasts for the collapse of ZTE after the imposition of US sanctions seems to have come true. As it turned out, more Last week, the Chinese manufacturer stopped major business operations and While there are no positive prospects for its position is not sees.
ZTE stopped the production of smartphones, and also closed its official online store and blocked the page on trading platform Taobao, owned by Alibaba Group. Employees report that they continue to work, but at the cut-off mode.
In addition, after the introduction of sanctions, ZTE shares trade was frozen.
Have The company has a lot of loans, and in the absence of any activity, to pay them off will be impossible. Therefore, in The media is saying that ZTE was thinking about selling the mobile unit. Negotiations on The deal has already been allegedly Huawei, OPPO and Xiaomi.
Why did this happen
ZTE went to bottom of the US sanctions. Recall, due to the conduct of prohibited trade with Iran and DPRK the company got into the disgrace of the US authorities. American manufacturers at 7 years have been banned from selling her accessories and software, and this is 25 - 30% of the product sets.
AT First of all, these are Google services and mobile processors from Qualcomm. AND although MediaTek and allowed to supply the Chinese manufacturer its chipsets, the situation is, apparently , not saved.