【】Tweet may have been deleted
The U.S. Department of Commerce on Friday lifted a 7-year ban on Chinese smartphone manufacturer ZTE. The ban lasted only 3 months.。
For those who may not have been following the saga that closely, it all started when the U.S. banned ZTE from importing phone parts from American companies back in April.。
The supplier ban was in response to ZTE misleading the Commerce Department about violating U.S. sanctions with Iran and North Korea. Furthermore, the U.S. intelligence community as well as Congress warned of national security concerns involving ZTE products.。
SEE ALSO:US will block Chinese firms from acquiring American tech companies 。
However, shortly after the 7-year ban was announced, President Trump weighed in on the issue making clear his intent to work out a deal. A temporary ban lift was announced earlier this month.。
Tweet may have been deleted。
The ban was officially lifted by the Commerce Department on Friday. As part of the agreement to end the ban, ZTE deposited $400 million into a U.S. escrow account. As part of the deal, the money will be held to ensure the Chinese tech company complies with the U.S. terms for the ban lift. This latest payment is on top of the $1 billion penalty the company paid in June and the $892 million it paid last year as part of the original settlement.。
While ZTE is back in business in the U.S., it’s also back with a new board of directors and new senior management as part of the ban-lifting deal. It also now operates in the shadow of a suspended ban. Still, that hasn't stopped investors from celebrating.。
Shares of ZTE jumped 17 percent on Monday, just one business day after the ban was lifted. Under the terms of this new deal, if the U.S. discovers any new violations from ZTE, it can activate a harsher 10-year ban. Although the Chinese phone maker is better off this week than it was last week, its long-term outlook still remains uncertain. 。
Featured Video For You。
相关文章
Samsung Galaxy Note7 teardown reveals the magic behind the phone's iris scanner
Samsung's Galaxy Note7 is touted by many reviewers as one of the best, if not the best, smartphones2024-09-20- 巴薩再受辱!全場0射正 歐冠主場三連敗淨負9球_拜仁www.ty42.com 日期:2021-09-15 06:01:00| 評論(已有302139條評論)2024-09-20
- 鬥士 !阿爾巴劇烈胃痛堅持出戰 受傷離場嘔吐發燒_巴薩www.ty42.com 日期:2021-09-15 09:31:00| 評論(已有302183條評論)2024-09-20
- 張琳芃預計兩周後參加合練 李磊郭田雨等3將傷愈_康複www.ty42.com 日期:2021-09-15 07:31:00| 評論(已有302147條評論)2024-09-20
'Rocket League' Championship Series Season 2 offers $250,000 prize pool
Rocket League 。's competitive scene is just getting started.。The。 Rocket League。Championship Series i2024-09-20- 曝女足換帥最早需等10月中旬 新帥大概率本土教練擔任_中國足協www.ty42.com 日期:2021-09-14 17:01:00| 評論(已有302106條評論)2024-09-20
最新评论