ZTE Corporation (Press release). U.S. Department of Commerce (Press release). Pettypiece, Shannon; Mayeda, Andrew (7 March 2017). “China’s ZTE Pleads Guilty in U.S. on Iran Sanctions Settlement”. Heater, Brian (16 April 2018). “U.S. companies banned from selling components to ZTE“. Liao, Shannon (16 April 2018). “ZTE can no longer buy Qualcomm chips after US ban”. Brant, Tom (7 March 2017). “ZTE Will Pay Record Fine for Sales to Iran, North Korea”.

Discover What ZTE Is

Klein, Jodi Xu (23 December 2020). “US lawmakers create US$1.9 billion fund to help carriers remove Huawei and ZTE equipment from their systems”. Bartz, Diane; Alper, Alexandra (25 November 2022). “U.S. bans Huawei, ZTE equipment sales citing national security risk”. Morgenson, Gretchen; Winter, Tom (13 March 2020). “The U.S. is now investigating Chinese telecom giant ZTE for alleged bribery”. Shepardson, David (17 June 2021). “U.S. FCC votes to advance proposed ban on Huawei, ZTE gear”. The New York Times. Freifeld, Karen (5 March 2022). “China‘s ZTE faces hearing over possible violation of U.S. probation”. Yahoo Finance. South China Morning Post. Swanson, Ana (26 January 2021). “Biden’s Commerce Pick Vows to Combat China and Climate Change”.

China: Back To Basics

Donald Trump stated that he would be working with Chinese president Xi Jinping to reverse the ban. The company agreed to pay a US$1 billion fine, place an additional US$400 million of suspended penalty money in escrow, replace its entire senior management, and establish a compliance department selected by the department. It was argued that the export ban was being used as leverage by the United States as part of an ongoing trade dispute with China. Later that month, the U.S. On 7 June 2018, ZTE agreed to a settlement with the Department of Commerce in order to lift the import ban.

In 2017, ZTE was fined for illegally exporting U.S. Department of Commerce banned U.S. The ban was lifted in July 2018 after ZTE replaced its senior management, and agreed to pay additional fines and establish an internal compliance team for 10 years. ZTE, initially founded as Zhongxing Semiconductor Co., Ltd in Shenzhen, Guangdong province, in 1985, was incorporated by a group of investors associated with China’s Ministry of Aerospace Industry. ZTE for seven years. In 2023, the European Commission banned ZTE from providing telecommunication services. Iran and North Korea in violations of economic sanctions. In June 2020, the Federal Communications Commission (FCC) designated ZTE a national security threat. In April 2018, after the company failed to properly reprimand the employees involved, the U.S.