Friday, April 27, 2018 6:21:10 PM
" Meanwhile, China's booming telecommunications-equipment makers, Huawei Technologies Co. and ZTE Corp., are facing growing pressure in the U.S.
Last week, the Commerce Department all but banned ZTE from buying components from U.S. suppliers, though much is still unclear about how sweeping enforcement will be.
The sanctions stemmed from U.S. allegations that ZTE broke the terms of a previous settlement, brokered after the company admitted to shipping U.S. telecoms equipment to Iran and North Korea, in breach of U.S. sanctions.
The Wall Street Journal reported on Wednesday that the Justice Department is investigating whether Huawei also violated U.S. sanctions related to Iran. After that report, the company scrapped plans for a EUR500 million bond sale.
The actions come amid a broader Washington campaign to curb Huawei and ZTE over national-security fears that their equipment could be used to spy or disable communications. Both companies have said they pose no threat."
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