President Donald Trump seemed to throw a lifeline to ZTE on Sunday in the form of a tweet, writing that he would work with the president of China to help rescue the company following crippling sanctions issued by the US Commerce Department.
Last week, the Commerce Department issued a ban against US companies selling components to ZTE, which is one of the world's largest makers of handsets. The company also sells networking equipment outside of the US.
Then, on May 13, Trump tweeted he planned to work with President Xi Jinping to help ZTE return to normal operations.
President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!
Before the Pentagon announcement, the chairman of the Federal Communications Commission said the agency would deny federal contracts and other funds to companies that posed a national security threat. Although not named, the ban is expected to target Huawei, ZTE, as well as Russia's Kasperksy Labs.
For additional details about the ups and downs for ZTE and the US government, check out the expanded coverage on Light Reading.
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