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ZTE Reaches Deal With U.S. To Lift Ban

2 monthes ago   |   By Ubergizmo

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...
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