ZTE has another chance at redemption. The US Commerce Department has lifted the export ban on the Chinese mobile giant now that it has met all the terms required to get a full reprieve. Officials confirmed that ZTE had put $400 million in escrow on...
US lifts ZTE export ban
ZTE has another chance at redemption. The US Commerce Department has lifted the export ban on the Chinese mobile giant now that it has met all the terms required to get a full reprieve. Officials confirmed that ZTE had put $400 million in escrow on...
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 that represents the last major hurdle before it can get back to busine...
ZTE is fulfilling one of the US' key demands in its attempt to avoid a renewed export ban. Days before a 30-day deadline, the Chinese tech giant has replaced a whole suite of executives, including its CEO. All of the new leaders are company veteran...
Tensions between the US government and Chinese smartphone maker ZTE seem to have abated, at least temporarily. US Commerce Secretary Wilbur Ross told CNBC this morning that the government has "struck a deal" with ZTE to end trade sanctions. The deal...