U.S. ban on China's ZTE lifted

An export ban was imposed on China-based ZTE several weeks ago by the Department of Commerce in response to the violation of an earlier settlement in a sanctions violation matter. U.S. companies were no longer allowed to sell products to ZTE which meant that the company was no longer able to source processors from Qualcomm for its smartphones. ZTE ceased its business operations soon after and worked hard to settling the matter with the U.S. government. A deal has now been reached which paves the way for ZTE to resume business operations. The ban was imposed for seven years and had ZTE come to a settlement with the department, it would probably have suffered irreparable damage to its business. ZTE expected to lose $3 billion as a result of the ban.The U.S. Department of Commerce has signed an escrow agreement with ZTE, it now has to complete the $400 million escrow deposit before the ban can be lifted. A notice informing that the ban has been lifted will be issued by the department’s Bureau of Industry

U.S. ban on China's ZTE lifted

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. ...

Fri 13 Jul 18 from Reuters Technology

ZTE Reaches Deal With U.S. To Lift Ban

An export ban was imposed on China-based ZTE several weeks ago by the Department of Commerce in response to the violation of an earlier settlement in a sanctions violation matter. U.S. companies ...

Thu 12 Jul 18 from Ubergizmo

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

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 ...

Wed 11 Jul 18 from TechCrunch

ZTE takes a step toward seeing its 'death-penalty' ban lifted - CNET

The Chinese company has signed an escrow agreement with the US Commerce Department.

Wed 11 Jul 18 from CNET

ZTE clears last major hurdle to lifting US export ban

ZTE is almost done meeting the US' conditions for lifting an export ban... almost. The Chinese mobile and telecom gianthas signed an escrow agreement with the Commerce Department ...

Wed 11 Jul 18 from Engadget

China's ZTE clears hurdle to lifting U.S. ban

The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business ...

Wed 11 Jul 18 from Reuters Technology

Exclusive: U.S. clears hurdle to lifting ban on China's ZTE

The United States signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month old ban on doing business with American suppliers, ...

Wed 11 Jul 18 from Reuters Technology

ZTE names new top execs to comply with US demands - CNET

The phone manufacturer really wants to do business in the US again.

Thu 5 Jul 18 from CNET Cutting Edge

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