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MACOM Comments on News of U.S. Department of Commerce Ban on Exports to ZTE

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MACOM Comments on News of U.S. Department of Commerce Ban on Exports to ZTE - on DefenceBriefing.net

MACOM Technology Solutions Holdings, Inc. (NASDAQ-NMS: MTSI) (“MACOM”), a leading supplier of high-performance RF, microwave, millimeterwave and lightwave semiconductor products, today commented on recent announcements of a U.S. Department of Commerce export ban to Zhongxing Telecommunications Equipment Corporation, of Shenzhen, China and certain affiliated entities (collectively, “ZTE”).



“Earlier today the US Department of Commerce issued a denial of export privileges against ZTE,” said MACOM’s President and CEO, John Croteau. “During our most recently completed second fiscal quarter, sales to ZTE directly and through distribution channels represented approximately $1.6 million in aggregate and were immaterial to MACOM’s second fiscal quarter revenue as a whole.”

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