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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