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.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.
Nov 28, 2018
ZTE has fallen into the U.S. government's crosshairs once again, this time thanks to its involvement with Venezuela.
Feb 11, 2020
Samsung today announced its new flagship phones for 2020: the Galaxy S20, Galaxy S20+, and Galaxy S20 Ultra. In the US, all three models support 5G and are powered by Qualcomm's newest top-end Snapdragon 865 chipset paired with 12 GB of LPDDR5 RAM.
Nov 28, 2018
LG today announced leadership and organizational changes that it hopes will improve the fortunes of its mobile business unit, which has suffered losses perennially. The current head of LG's Home Entertainment Company, Brian Kwon, will add the Mobile Communications Company to his plate.