ZTE issued a statement responding to the U.S. Department of Commerce denying export privileges to the company. The DoC action prevents U.S. companies from exporting products to ZTE for seven years. ZTE said "The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of U.S. companies."
Mercury Systems Inc. announced it received a $16.1 million follow-on order from a leading defense prime contractor for integrated RF and digital subsystems for an advanced naval electronic support application.
Guerrilla RF Inc. announces the closing of a $3.8 million Series E funding round with participation from multiple angel investors. The $3.8 million funding is composed of a combination of equity and debt.
Anaren, formed as Anaren Microwave in 1967 by two engineers who left General Electric to develop products using stripline technology, has been acquired by TTM Technologies for $775 million. TTM's core business is manufacturing PCBs.