Tuesday, July 17, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Roku Debuts Roku TV Wireless Speakers
New Windows 10 Upgrade to Bring Changes to Notepad, Edge
YouTube Copyright Match Tool Fights Content Stealing
Amazon to Compete With Cisco in Networking Equipment: report
Twitter, Facebook, Alphabet to Testify at U.S. House hearing
Google's Head Chip Designer Moves to Facebook
U.S. DoJ Indicts 12 Russian Intelligence Officers for Hacking Offenses Related to the 2016 Election
PC Shipments Grew For the First Time in Six Years During the 2Q of 2018
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > U.S. Pa...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 03, 2018
U.S. Partially Allows ZTE to Resume Transactions


The U.S. Commerce Department has granted ZTE the authority to engage in commercial transactions needed to maintain existing networks and equipment in the United States as it works toward the lifting of a U.S. sales ban.

The authorization from the U.S. Commerce Department's Bureau of Industry and Services runs until Aug. 1.

ZTE was forced to cease major operations in April after the United States slapped it with a supplier ban saying it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea.

The company had also agreed to pay a $1 billion penalty and put $400 million in an escrow account as part of the deal to resume business with U.S. suppliers - which provide almost a third of the components used in ZTE's equipment.

The escrow agreement is still pending, according to a source. Until it is executed, ZTE cannot deposit the $400 million in escrow necessary to get the ban lifted.



Previous
Next
New Huawei Honor 10 GT Has 8GB of RAM        All News        Antitrust Fines on Android to Be Announced Soon
Baidu Unveils High-Performance Kunlun AI Chip, AI Partnerships With Intel     General Computing News      Antitrust Fines on Android to Be Announced Soon

Get RSS feed Easy Print E-Mail this Message

Related News
ZTE Expects Losses Due to U.S. Penalty
U.S. Signs Deal to Lift ZTE Ban
ZTE Revamps Chairman and Board to Avoid U.S. Ban
ZTE Accepts $1bn Fine to remove U.S. Ban
China's ZTE Close to Reaching Agreement With U.S.
U.S. to Impose Fine, New Management to ZTE to Keep it in Business
Samsung in Talks with ZTE to Offer Exynos Mobile Processor
President Trump Says It Will Help ZTE Get Back Into Business
ZTE Winds Down U.S. Operations After U.S. Ban
ZTE's Nubia Red Gaming Phone Released
ZTE Says Company's Survival at Risk
U.S. FCC Targets Huawei and ZTE With New Equipment Spending Controls

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .