U.S. Markets closed

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

Marlize van Romburgh
American City Business Journals
Shares of Silicon Valley suppliers jump as Trump signals possible reversal of ZTE ban

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.