MediaTek Given Permission to Sell Chips to ZTE
The Taiwanese government has given MediaTek, a Taiwan-based supplier of mobile chips, permission to once again sell its products to ZTE. After the U.S. government halted U.S. suppliers from selling to ZTE for a period of seven years, the government of Taiwan paused such exports in its own country. It required MediaTek and other Taiwan businessss to file an application for permission to sell to ZTE. Taiwan granted MediaTek, which specializes in mobile processors, that permission today. "We fully understand high-tech factories' characteristic of fast-paced shipments of goods, we won't create obstacles for the pace of their exports," said the Taiwan Bureau of Foreign Trade in a statement provided to Reuters. "Taiwan's government has its own control mechanisms, which is independent of the way the U.S. looks at it in a given situation." ZTE recently filed official paperwork with the U.S. Department of Commerce seeking an end to the ban, which threatens its very survival.
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Qualcomm, Samsung, Kirin, Spectrum all jumped on the scare-wagon at once.
Mediatek is usually the one that is the back-up when all else fails.