Explore Raise Eng - -

Mr. Crowd News   |  Market

China's ZTE may lose Android license because of US ban

By Mr. Crowd 19 Apr 201812:32





U.S. Department of Commerce has banned American firms U.S. companies from exporting to China's ZTE Corp for seven years. The market is worried that ZTE Corp may not be able to use Google's Android operating system on its mobile devices.

The incident may have a serious impact on ZTE. ZTE has 25-30% of its vital electronics imported from U.S. suppliers like  Qualcomm, Intel, Oracle, Corning. The sanctions will cause ZTE's communications equipment and handset products to face the dilemma of not finding alternative products, at least in the short term.

According to Reuters, ZTE and the Alphabet, the parent company of Google, have been discussing the impact of the ban. However, the two companies were still uncertain about how the ban will affect the use of Android by ZTE.

ZTE produced 46.4 million Android smart phones last year, with a market share of about 3%.

“ZTE made false statements to the U.S. Government when they were originally caught and put on the Entity List, made false statements during the reprieve it was given, and made false statements again during its probation.” said Secretary of Commerce Ross.

In March 2017, ZTE agreed to a combined civil and criminal penalty and forfeiture of $1.19 billion after illegally shipping telecommunications equipment to Iran and North Korea.

In addition, according to the Wall Street Journal, the Office of the U.S. Trade Representative is studying how to retaliate against the Chinese government's restrictions on U.S. cloud computing providers. The U.S. Government may limit Alibaba’s business in the United States. At present, the Chinese government requires that Amazon and Microsoft's cloud computing to operate jointly with Chinese companies in China and must transfer their technology to Chinese partners. However, Alibaba can operate cloud computing services in the United States without any restrictions.




Disclaimer:

Market news (the Market News) is not intended as investment advice and must not be relied on as such.

To the maximum extent permissible by applicable law, Mr. Crowd assumes no liability or responsibility whatsoever for any errors or omissions in the Market News. Mr. Crowd does not endorse or represent the reliability or accuracy of the Market News. Mr. Crowd shall not be liable for any investment decisions made based upon the Market News.

The Market News may contain hyperlinks to external websites or web pages for which Mr. Crowd is not responsible.

Copyright exists in the Market News may belong to Mr. Crowd, to the authors, or to any other parties depending on the circumstances. Reproduction, distribution, use and/or linking without consent from the relevant parties is not permitted.

If you believe or are aware that any information contained in the materials is inaccurate, erroneous, unlawful, obscene, defamatory or infringes any intellectual property rights of a third party, please contact Mr. Crowd by email at: cs@mrcrowd.com.



Invest
$100
on US Startups

Register Now
Success By Media LLC (SBM)
raising up to $1,000,000
Regulation:Regulation CF
Securities Type:Membership Units
Share Price:$4.00

to go
The Armored Citizen, LLC (TAC)
raising up to $1,000,000
Regulation:Regulation CF
Securities Type:Membership Units
Share Price:$1.00

to go
Organic Living, Inc (OL)
raising up to $1,000,000
Regulation:Regulation CF
Securities Type:Preferred Stock
Share Price:$0.50

to go
Fragrance of Heaven LLC (FOH)
raising up to $1,000,000
Regulation:Regulation CF
Securities Type:Membership Units
Share Price:$20.00

to go
GEMSS North America, Inc. (GNA)
raising up to $1,000,000
Regulation:Regulation CF
Securities Type:Common Stock
Share Price:$2.00

to go


Trending
US House approves the Main Street Growth Act
US consumer confidence slips in July amid tariffs
Tensions Between World Powers Rise As EU Follows China to Drags US to WTO



About Mr. Crowd Crowdfunding One-Stop Service Terms of Use Fees and Charges Privacy Policy Cookie Policy The Mr. Crowd University Contact Us


REGULATION CROWDFUNDING - GENERAL RULES AND REGULATIONS

IMPORTANT LEGAL NOTICE: Ksdaq Inc. owns and operates Mr. Crowd (www.MrCrowd.com), a funding portal (the "Funding Portal") registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) [FINRA Funding Portal Members]. By accessing the Funding Portal and any pages on the Funding Portal, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time without notice or liability. Securities offerings posted on the Funding Portal are limited to Regulation Crowdfunding, Regulation A and Regulation D offerings.
  • Regulation Crowdfunding offerings on the Funding Portal are conducted through Ksdaq Inc.
  • Regulation A and Regulation D offerings on the funding portal are not conducted through Ksdaq Inc.
  • Regulation A and Regulation D offerings are for informational and solicitation of interest (testing the waters) purposes only.
  • Investors must acknowledge and accept the high risks associated with investing in private securities offerings. These risks include holding your investment for periods of many years with limited ability to resell, limited access to periodic reporting, and losing your entire investment. You must have the ability to bear a total loss of your investment without a change in your lifestyle. Funding Portal is only required to conduct limited due diligence on each Issuer and does not in any way give investment advice, provide analysis or recommendations regarding any offering posted on the Funding Portal. Past performance is not indicative of future performance. All investors should make their own determination of whether or not to make any investment in an offering, based on their own independent evaluation and analysis and after consulting with their financial, tax and investment advisors. Prior to making any investment, you will be required to demonstrate your understanding of the speculative nature of investing in such private securities. The securities offered on this Funding Portal can only be marketed in jurisdictions where public solicitation of offerings are permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence. You are strongly advised to consult your legal, tax and financial advisor before investing.

    You can learn more about investing in crowdfunding from the SEC, FINRA or NASAA.

    1000 Corporate Center Drive, Suite 310, Monterey Park, CA 91754


    Copyright © 2018 Ksdaq Inc.