With the withdrawal of US sanctions, China-based telecom equipment has returned to ZTE corporation again. By the year 2019 the company hopes to return to the networking equipment business growth. News Reuters. ZTE Chairman Lee Xixu recently said that in the coming year, they want to achieve significant growth in telecom equipment business. They are working on that goal.In the second quarter of this year (April-June), Samsung has been the fourth largest telecom equipment provider in the world, surpassing ZTE.
In April of this year, ZTE became the business leader in the challenge of survival. Because at that time the United States banned US technology companies for seven years in order to sell hardware and software to the company. The company, in its bid to export goods to Iran and North Korea in violation of US sanctions, is facing the US pressure. Because of US sanctions, ZTE was forced to close some of its major business divisions.
