ZTE is not well known in the US, but in the rest of the world. It has a lot of researches and high-tech products.
The
founder and many others graduated in US, the west and/or Australia
colleges, worked there for a while before they moved back to China
(known as sea turtles) and formed their own companies.
They had
government incentives, less regulations plus a lot of cheap engineers
(Huawei has many times of engineers as Cisco). This is the first wave
and the current wave is still great for them but with less incentives.
Preventing
ZTE to buy US chips leads us to more trade deficit. We stop China from
buying our dual-purpose products while China can buy them from Europe /
Russia. Does it make economical sense?
ZTE will build their own chips to replace those from US. It will be a short-term pain but a long-term gain.
Is Huawei be the next target?
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