Acacia Communications (ACIA) Announces Update on U.S. Department of Commerce ZTE Statement
Acacia Communications, Inc. (NASDAQ: ACIA) today announced that it is aware of the recent announcement that the U.S. Department of Commerce by order, effective immediately, is banning American companies from selling, exporting or re-exporting components, software and technology to Chinese telecom equipment maker ZTE Corporation as a result of ZTE’s actions in connection with a previous settlement regarding sanctions violations. Acacia is taking steps to suspend affected transactions and is assessing the impact of these developments on Acacia.