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ZTE cleared to resume US operations

6 days ago   |   By Tech Radar

ZTE could soon be back to work after signing a significant deal with the US government. In a statement, the US Commerce Department said it had signed a deal with the troubled Chinese technology firm which should clear the latter to return to normal operations. The ban on ZTE in the US will now be lifted when the company pays $400m into an escrow account - on top of the $1 billion fine it has already had to pay. “Today's announcement marks the beginning of the end of this long-running saga,” said Washington attorney Douglas Jacobson, who represents ZTE suppliers, according to Reuters .
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