ZTE resumes some business activity

ZTE resumes some business activity

ZTE resumes some business activity   China’s ZTE has received a temporary reprieve from the U.S. government – running from July 2 until Aug. 1 – to conduct business needed to maintain existing networks as it works toward lifting a U.S. supplier ban. The company also agreed to pay a $1B penalty and put $400M in an escrow […]

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Last step for ZTE to lift ban

Last step for ZTE to lift ban   ZTE is expected to deposit $400M in an escrow account in a U.S. bank in the “next couple of days,” the last step it must take before a ban on U.S. suppliers can be lifted. As part of a settlement it reached on June 7 with the Commerce Department, the […]

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Senate passes bill reimposing penalties on ZTE

Senate passes bill reimposing penalties on ZTE A barrier charge just go by the Senate flags a battle with the White House as it reimposing penalties on Chinese telecom ZTE (OTCPK:ZTCOF), in spite of an arrangement came to by the Trump organization. President Trump has attracted vocal feedback Congress for facilitating limitations on the organization, […]

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Tech stocks gain as US confirms ZTE deal

Tech stocks gain as US confirms ZTE deal   Business Secretary Wilbur Ross says the US has hit an arrangement with ZTE to end sanctions. ZTE should pay a $1B punishment in addition to place $400M retained to cover future infringement and insert a US-picked consistency group. ZTE likewise needs to change its board and […]

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ZTE sees $3B+ loss from U.S. ban

ZTE sees $3B+ loss from U.S. ban China ZTE  is assessing misfortunes of no less than 20B yuan ($3.1B) because of Washington’s prohibition on U.S. firms pitching parts to the telecom provider, Bloomberg reports, however it plans to achieve an arrangement soon that would enable it to “swing lingered industrial facilities enthusiastically inside hours.” President […]

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