U.S. to Suspend ZTE Export Sanctions
The U.S. Department of Commerce has agreed to temporarily lift sanctions it levied against ZTE, allowing its suppliers to resume some exports to the Chinese company. "As part of the effort to resolve the matter, and based upon binding commitments that ZTE has made to the U.S. government, Commerce expects this week to be able to provide temporary relief from some licensing requirements," said a senior Commerce official to the Wall Street Journal. However, the sanction relief "would be temporary in nature and would be maintained only if ZTE is abiding by its commitments to the U.S. government." The Commerce Department alleges that ZTE set up shell companies to send U.S. technology products to Iran, a violation of ongoing sanctions the U.S. has against Iran. In response, the government banned U.S. suppliers from exporting products to ZTE, a move that has the potential to disrupt ZTE's global supply chain. ZTE and the Commerce Department say that talks between the two have been constructive, but are on-going.
Jun 2, 2016
Huawei's international expansion may have resulted in the company running afoul of U.S. export law, according to the New York Times.
Apr 16, 2018
ZTE is not allowed to export sensitive technology from the U.S. due to new action from the U.S.
Mar 7, 2017
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.
May 22, 2018
The U.S. and China are near to reaching a deal that would offer ZTE reprieve from the seven-year ban enacted against it by the Commerce Department.