Recently, Chinese manufacturer, ZTE, announced that it is expected a lose between 7 Billion Yuan ($1 Billion) to 9 Billion Yuan ($1.4 Billion) in the first half of this year. The company issued a “Notice on Progress of Major Events” on May 9, 2018, due to the operational losses caused by the inability of the company to operate as a result of its ban by the US. The expected loss basically comes from the $1 billion fine which it paid to the United States government. Also, its lack of operation during the ban period significantly contributes to the loss.
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About the authorEfe Udin
Efe Udin, a government tech policy expert is a seasoned tech writer with over seven years of tech writing experience. Efe's true passion lies in exploring the intersection of technology, politics, and brand feuds.
With an astute understanding of the power dynamics and competitive landscape within the tech world, Efe delves into the intricacies of how technology influences political discourse and how brand rivalries shape the industry.
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