Tuesday, October 09, 2012

ZTE complains Congress is making a blanket statement on all Chinese companies

                                                              (credit reuters)
ZTE is in an awkward situation seeing as they are in China and the U.S. thinks there is potential for the government to be involved with the company.  ZTE counters why companies like Apple who rely on  Foxconn -- Hon Hai Precision Industry have not had the same scrutiny.

However ZTE has some secrets in it's company from selling U.S.-made Cisco Systems, Inc. telecommunications equipment to Iran.  Apparently ZTE transferred several Cisco switches Telecommunication Co of Iran (TCI) -- a criminal violation of U.S. trade laws.

Only time will tell what will happen with ZTE in the U.S. and if they can work out there differences with the U.S. government.

via Daily Tech


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