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China's ZTE paid over $2.3 bn to US exporters last year, ZTE source says

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

Reuters 

Chinese technology company ZTE Corp, which this month suspended its main operations after a US Commerce Department ban on American supplies to its business, paid over $2.3 billion to 211 US exporters in 2017, a senior ZTE official said on Friday. ZTE paid over $100 million each to Qualcomm Inc, Broadcom Inc, Intel Corp and Texas Instruments, the official said. As one of the world's largest telecom equipment makers, ZTE relied on US companies such as Qualcomm and Intel for components. The extent of the impact of the Commerce Department ban on US suppliers was noted by the ...

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First Published: Sat, May 12 2018. 20:06 IST
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