By | Reuters | 5 days 3 hours ago | Tech
The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business. The Commerce Department had said it would remove the ban after ZTE paid a $1 billion penalty and placed $400 million in a U.S. bank escrow account as part of a settlement reached last month.
By | Latest news | 5 days 2 hours ago | Tech
The Chinese telecom giant has deposited $400 million, the final tranche of the $1.4 billion penalty imposed against it.
By Sean Hollister | CNET | 5 days 3 hours ago | Tech
All it took was an extra $400 million.
By Jacob Kastrenakes | The Verge | 5 days 3 hours ago | Tech
The United States has lifted its trade ban on ZTE, allowing the Chinese telecom to once again obtain critical parts and software from American companies, after three months of being unable to do so. The trade ban all-but shut down ZTE after it went into place in April, since the company was no longer able to acquire products like Qualcomm processors or Android software from the US. In an announcement...