ZTE Allowed to Export US Goods Through August
ZTE can continue to export U.S. goods for another two months thanks to an extension offered by the U.S. Department of Commerce. The Commerce Department alleged in March that ZTE violated trade sanctions in place against Iran by using shell companies to hide its exporting activities. The government initially banned ZTE from exporting any U.S. goods, parts, or components, but quickly offered a three-month reprieve while ZTE works with the government to resolve the issue. That reprieve has been extended another two months, through August 30. The ban would have disrupted ZTE's global supply chain had it been put into full effect.
US Gives ZTE Another Reprieve On Exports
ZTE can continue to export U.S. goods for another three months due to an extension offered by the U.S.
Commerce Dept. Extends ZTE Sanction Relief Again
ZTE can continue to export U.S. goods for another month due to an extension offered by the U.S.
ZTE Looking to Appeal Export Ban
ZTE is planning to appeal a ban recently placed on exports, reports Reuters. Last week, the U.S.
ZTE Agrees to Pay Massive Fine to Settle Export Violations
ZTE today said it has agreed to pay the U.S. government significant financial penalties for exporting technology to Iran in violation of sanctions against the country.