Anonymous sources today said that ZTE expects to lose at least 20 billion yuan, equivalent to 3.1 billion US dollars, due to the US ban.
The source also said that ZTE hopes that China and the United States can reach an agreement to lift the relevant ban as soon as possible, and develop a plan to allow ZTE to "re-use idle factories" within a few hours of officially lifting the ban.
On the 22nd, it was reported that China and the United States reached an agreement on the general path to resolve the ZTE issue. According to the report, the relevant details are still being finalized. Once an agreement is reached, the Trump administration will lift the ban on ZTE's purchase of products from US companies. The US will still need to pass the national security review to lift the ban.
At present, the game between China and the United States against ZTE is still in the middle of the game, and the attitude of the US has always shown a swing. Trump even said on Tuesday that he was not satisfied with the Sino-US negotiations last week. The US government has not yet reached any agreement with the Chinese government on ZTE. He envisions that ZTE may be required to pay a fine of up to $1.3 billion and change management, set up a new board of directors, and adopt "very, very strict security regulations." It is also envisioned that ZTE will purchase a large percentage of components and equipment from the United States.
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