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An official at the US Commerce Department says Chinese telecommunications company ZTE Corporation will pay US$400 million into an escrow account within the “next couple of days”, the final step it is needed to take to have a seven-year ban lifted.

Published in Government Tech Policy

The saga of Chinese telecommunications firm ZTE Corporation does not seem to be over yet, with the US Senate delivering a punch in the face to President Donald Trump with the passage of legislation that reinstates a seven-year ban on the company.

Published in Government Tech Policy

The United States has agreed to a deal which will put Chinese telecommunications company ZTE Corporation back in business in the country, with the company agreeing to pay a US$1 billion fine and overhaul its leadership in order to lift a ban on doing business with American suppliers.

Published in Government Tech Policy
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