CETC Among Firms Blacklisted from US Investment
WASHINGTON – China Electronics Technology Group is among the 31 companies blacklisted by the Trump administration for their suspected ties to the Chinese military. The order is intended to keep US investors from trading shares of the suspect companies, which were pinpointed by the US Defense Department.
Two popular consumer OEMs, Huawei Technologies and Panda Electronics, are also on the list, which was released this week.
CETC is a $33 billion company with more than 175,000 employees. It is the parent company of Great Wall Computer, China’s second-largest indigenous PC maker after Lenovo, and TPV Technology, the 8th largest ODM in the world, according to the CIRCUITS ASSEMBLY Top 50. Great Wall also owns stakes in no. 17 Shenzhen Kaifa, PC Partner and Zhongyuan Electronics Group.
The order does not prevent US companies from doing business with the listed firms.
