Unfazed by the pressure of keeping its US supply chain intact, ZTE has sharpened its focus on pre-5G mobile infrastructure deployments with network operators.
While operating under the shadow of United States export restrictions for most of this year, ZTE Corp has managed to weather that crisis and push forward a business expansion strategy that could set it up for accelerated growth over the next few years.
Spokesman David Dai Shui said in an interview that the unique situation with the US restrictions has only served to strengthen Shenzhen-based ZTE s resolve to eventually become the world s third-biggest telecommunications equipment supplier, following industry leader Huawei Technologies and Swiss powerhouse Ericsson.
That would be welcome news for investors in ZTE, who have seen the company s share price decline 14.6 per cent in the 12 months to December 23.
The bureau had slapped ZTE with export restrictions in early March, which would bar suppliers from shipping any US-made equipment and parts to the Chinese company.
That system, which was delivered to Iran in 2011, included hardware and software components from US technology firms such as Microsoft, Oracle, Cisco Systems, Dell and Symantec, according to a 2012 report on the product s packing list.