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Shares of Silicon Valley suppliers jump as Trump signals possible reversal of ZTE ban

May 14, 2018 - Silicon Valley Business News

Shares of several Silicon Valley telecom components suppliers jumped Monday after President Donald Trump over the weekend indicated that he might abruptly change his administration's stance toward the Chinese smartphone maker ZTE Corp., which imports many of its products from U.S. manufacturers.

Last week, ZTE said it had ceased "major operating activities" after being penalized by the U.S. Department of Commerce for violating the terms of a sanctions agreement.

"On Sunday morning, P

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