ZTE Makes Progress Toward Resuming Business
ZTE has now replaced four of its top leaders (CEO, CFO, CTO, and head of HR) and its entire board of directors, as required by a tentative deal with the U.S. government. The company has also agreed to pay a $1 billion fine. With these steps complete, the U.S. Commerce Dept. may soon lift the sales ban that has forced the company to suspend all operations since April. In the meantime, the government has granted ZTE a one-month waiver allowing it to resume providing support for its products for the month of July. While ZTE is Chinese company, it is highly dependent on U.S. suppliers — including Qualcomm and Google — which is why the Commerce Dept.'s ban on doing business with U.S. companies has effectively shut down the company. The deal to lift the ban was announced last month, and has President Trump's strong support. In Congress, the Senate version of a pending defense-policy bill would override the Commerce Dept. and keep the sales ban in place. The House version of the bill does not contain that language, a difference that remains to be reconciled.
Senate Votes to Uphold ZTE Ban in Defense Bill
Jun 19, 2018
The Senate approved legislation that would see the ban against ZTE remain in place. The chamber on Monday voted in favor of the National Defense Authorization Act (NDAA), a bill passed by the Senate every year.
Trump Agrees to Talk to Congress About 'Problematic' ZTE
Jun 20, 2018
ZTE will be the topic of discussion at a meeting today between President Trump and members of the Senate and House of Representatives, reports Reuters. Trump wants to talk about the "problematic" amendment made to the National Defense Authorization Act (NDAA) earlier this week, which will keep certain sanctions against ZTE in place.
ZTE Not Out of the Woods Yet, Senate to Vote On Upholding Ban
Jun 11, 2018
ZTE's roller-coaster ride with the U.S. government has taken another turn.
US and China Working to Settle ZTE Ban, But Opposition Remains
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.
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