All Posts Tagged With: "ZTE"

ZTE Handed Record Fine of $1.2 Billion for Breaking Sanctions

The company, which is based in China, illegally sold goods that were U.S. made in North Korea and Iran. ZTE, which is the second largest Chinese maker of telecom equipment was handed a record fine by the United States government. ZTE pled guilty to violating sanctions imposed by the U.S. against both North Korea and […]

U.S. Ready to Cut Slack to ZTE for Breaches of Sanctions

The Commerce Department in the U.S. this week should lift the export curbs that it imposed on ZTE Corp the Chinese smartphone and telecom equipment maker for its alleged violations of Iran sanctions. This relief would only be temporary and would be kept just if ZTE abides by the commitments to the U.S. government, according […]

ZTE Ends Share Trading Following Crackdown by U.S.

ZTE suspended trading on the Shenzhen and Hong Kong indexes of its shares after it has emerged that the United States would place restrictions for exports on the telecoms equipment company based in China. These restrictions, which were reported first by an international news agency, would force ZTE to file an application for a special […]