Zte Corp

Telecoms equipment maker ZTE Corp is joining a number of Chinese technology companies entering the electric vehicle market as it looks to build a team for a new product line, a company spokeswoman told Reuters.

The Federal Communications Commission on Tuesday formally designated Chinese's Huawei Technologies Co and ZTE Corp as posing threats to US national security, a declaration that bars US firms from tapping an $8.3 billion government fund to purchase equipment from the companies.

The Massachusetts Institute of Technology (MIT) has severed ties with Huawei Technologies and ZTE Corp as US authorities investigate the Chinese firms for alleged sanctions violations, it said on Wednesday.

The action is the latest in a long list of actions taken to fight what some in the Trump administration call China's cheating.

Shares in Lenovo and ZTE plunged on Friday, hurt by concerns their sales could suffer in the wake of a Bloomberg report.

The Democratic National Committee warned party candidates running in November elections not to use devices made by Chinese telecommunications companies ZTE Corp and Huawei Technologies because they pose a security risk, a Democratic source said on Friday.

There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp, despite strong bipartisan opposition.

China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.

ZTE paid over $100 million each to Qualcomm Inc, Broadcom Inc, Intel Corp and Texas Instruments, an official said.

"The US Department of Commerce and ZTE Corp are in ongoing discussions," a senior Commerce Department official told Reuters.

The restrictions will take effect Tuesday and apply to any company worldwide that wants to ship American-made products to ZTE Corp in China.

China's Huawei Technologies Co Ltd has targeted its revenue in 2018 almost double the record reaped last year when the company booked a 34 per cent profit growth and became the world's third-biggest smartphone manufacturer.

Chinese telecom equipment major ZTE Corporation is in talks with India's largest private telecom player Bharti Airtel for deploying 4G equipment in Mumbai and Delhi circles.

Chinese handset maker ZTE aims to garner 10 per cent share of the global smartphone market within three years as it expands its portfolio of Grand and Nubia devices, introduces wearable technology products and sets up retail stores across the world.

Telecoms equipment maker ZTE Corp is joining a number of Chinese technology companies entering the electric vehicle market as it looks to build a team for a new product line, a company spokeswoman told Reuters.

The Federal Communications Commission on Tuesday formally designated Chinese's Huawei Technologies Co and ZTE Corp as posing threats to US national security, a declaration that bars US firms from tapping an $8.3 billion government fund to purchase equipment from the companies.

The Massachusetts Institute of Technology (MIT) has severed ties with Huawei Technologies and ZTE Corp as US authorities investigate the Chinese firms for alleged sanctions violations, it said on Wednesday.

The action is the latest in a long list of actions taken to fight what some in the Trump administration call China's cheating.

Shares in Lenovo and ZTE plunged on Friday, hurt by concerns their sales could suffer in the wake of a Bloomberg report.

The Democratic National Committee warned party candidates running in November elections not to use devices made by Chinese telecommunications companies ZTE Corp and Huawei Technologies because they pose a security risk, a Democratic source said on Friday.

There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp, despite strong bipartisan opposition.

China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.

ZTE paid over $100 million each to Qualcomm Inc, Broadcom Inc, Intel Corp and Texas Instruments, an official said.

"The US Department of Commerce and ZTE Corp are in ongoing discussions," a senior Commerce Department official told Reuters.

The restrictions will take effect Tuesday and apply to any company worldwide that wants to ship American-made products to ZTE Corp in China.

China's Huawei Technologies Co Ltd has targeted its revenue in 2018 almost double the record reaped last year when the company booked a 34 per cent profit growth and became the world's third-biggest smartphone manufacturer.

Chinese telecom equipment major ZTE Corporation is in talks with India's largest private telecom player Bharti Airtel for deploying 4G equipment in Mumbai and Delhi circles.

Chinese handset maker ZTE aims to garner 10 per cent share of the global smartphone market within three years as it expands its portfolio of Grand and Nubia devices, introduces wearable technology products and sets up retail stores across the world.