MediaTek Applies for ZTE Shipment Permit Under Government Order
MediaTek Applies for ZTE Shipment Permit Under Government Order Taiwanese chip designer MediaTek said it will comply with a government order to apply for a permit to export products to ZTE Corp , a Chinese telecoms equipment maker subjected to restrictions in the United States. The US government this month banned American firms from sales to ZTE for seven years, saying the company had failed to comply with a settlement related to ZTE shipping US-made goods to Iran in violation of US sanctions. ZTE said the ban, imposed as the United States and China spar over import tariffs, threatened its survival. On Monday, a MediaTek representative told Reuters that the order from the Taiwanese economic ministry's foreign trade bureau was more a routine measure to protect Taiwanese firms than about Sino-US trade relations. Our company is actively preparing related documents to apply for an export permit to ZTE," MediaTek said in a stoc...