ZTE cooperating with Commerce Department as exports reprieve is extended
After crossing the Commerce Department’s sanctions against Iran, ZTE is continuing to cooperate with the government’s investigation. As such, the department has extended a reprieve that allows for the manufacturer to continue to source parts and software from the US. The reprieve that was supposed to end on Thursday will now end on August 30.
ZTE Chairman Zhao Xianming said in a statement that the company can continue to benefit from its “relationships with hundreds of American companies and our continued investment in the U.S.” Those companies make up about 43 percent of ZTE’s business with vendors. Analysts say an exports restriction would be the strictest of its kind.
It’s not clear when the Commerce Department will complete its investigation. Perhaps there’s a large enough window for ZTE to start shipping over its Axon 7 to the US.