NeoPhotonics Corp of San Jose, CA, USA (a vertically integrated designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks) has issued a statement regarding the US Department of Commerce's publication in the Federal Register of a 'final rule' amending the Export Administration Regulations that added four entities to the 'Entity List' maintained by the Department for actions contrary to the national security and foreign policy interests of the USA. The additions included the following two customers of NeoPhotonics: China's Zhongxing Telecommunications Equipment Corp (ZTE) and its subsidiary ZTE Kangxun Telecommunications Ltd.
NeoPhotonics says that its revenue from ZTE during full-year 2015 was about 1% of its total revenue, and that it does not anticipate materially different revenue from ZTE for first-quarter 2016 or full-year 2016. The firm says that this event has therefore caused no change to the outlook for first-quarter 2016 that it provided on 1 March.
