ZTE expects to settle with the United States to lift the ban

This theme ZTE expects to settle with the United States to lift the embargo appeared on Engadget.

It seems that the battle between the ZTE Corporation of China and the Ministry of Commerce of the United States is about to expire, after many suspensions, fines and the trade of the kidneys, the US Commerce Department announced on Twitter that the deal is nearing completion, and will deposit page ZTE Corporation $ 400 million in the escrow account and receive a notice to lift the restraining order.

The prevention of ZTE Corporation follow-up with manufacturers of components of America for violating the trade embargo the sale of equipment to Iran, and imported Chinese police antennas high frequency include sliced American inside. ZTE said that it was wrong, only that the United States discovered that the police had deliberately ignored the ban and continued to deal with Iran.

In the beginning, was fined ZTE to pay a fine of $ 800 million, and later the United States has asked the manufacturer to change its Board of Directors in full, but did not pick the Chinese company to this Agreement. In the end, the company decided to surrender, which allowed the Ministry of Commerce to take the final step and lift the ban.

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This theme ZTE expects to settle with the United States to lift the embargo appeared on Engadget.

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