• U.S. Commerce Department has lifted ZTE's trade ban

    4 monthes ago - By PhoneDog

    It looks like ZTE may be in a celebratory mood today after the U.S. Commerce Department announced its latest decision with its export ban.
    According to the report, the export ban on the Chinese manufacturer has been lifted after it was able to meet all the terms demanded by the government. Among the actions that ZTE had taken include paying a $1 billion fine, accepting outside monitors, replacing its CEOs, and putting $400 million in escrow.
    But to say that ZTE is completely off the hook would be an understatement. The latest decision does not completely remove the export ban from ZTE...
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