• The U.S. and ZTE reach a deal that will lift export ban

    10 days ago - By TechCrunch

    The United States government has made a deal with Chinese telecommunications giant ZTE that, once completed, will lift the ban preventing the company from working with American suppliers. The agreement eases tensions in the U.S.-China trade war because the seven-year denial order, which the Trump administration imposed in April after ZTE violated sanctions against North Korea and Iran, was a major point of contention between the two countries.
    Our statement on ZTE and the escrow agreement: pic.twitter.com/w0Bbej1mAU
    - U.S. Commerce Dept. July 11, 2018
    According to a statement from the...
    Read more ...

     

  • US to lift ZTE ban after it pays $400 million escrow

    US to lift ZTE ban after it pays $400 million escrow

    10 days ago - By SlashGear

    ZTE's nightmares may finally be coming to an end. Of course, it will still have to recoup its losses from both paying the US' penalties and months of stopping operations but at least it will have a chance to. That is, if it gets off the ground at all. The US government just announced that ZTE has signed an agreement...
    Read more ...