US Bans American Companies from Supplying ZTE — Near-Death Blow

The US Commerce Department bans American companies from selling components or software to ZTE for seven years, after discovering ZTE violated the terms of its 2017 plea agreement by paying bonuses to employees who violated sanctions rather than disciplining them. ZTE immediately stops major operations as 25-35% of its components come from US suppliers including Qualcomm and Intel. The ban nearly destroys ZTE until Trump intervenes.