ZTE Allowed to Return to Business
The U.S. Commerce Department has lifted its ban on U.S. companies doing business with Chinese phone and telecom equipment maker ZTE. The company can now resume operations, after all but shutting down since April due to the ban. The company is highly dependent on U.S. companies, including Qualcomm and Google, for its smartphone chips and software. The deal to lift the ban was done at the instruction of President Trump, and includes a $1 billion fine and a complete change of ZTE leadership. Today's action marks the end of a years-long saga that started when ZTE was caught selling equipment to North Korea and Iran in violation of a U.S. embargo.
Sep 9, 2021
Facebook and Ray-Ban have collaborated to create Ray-Ban Stories, "smart" glasses similar to the Spectacles 3 from Snap. Ray-Ban Stories feature dual 5-megapixel cameras that capture photos with depth as well as videos up to 30 seconds.
Dec 31, 2018
President Donald Trump is weighing new action against Chinese telecommunications equipment makers Huawei and ZTE, says Reuters. The President might issue an executive order that would bar U.S.
Nov 28, 2018
ZTE has fallen into the U.S. government's crosshairs once again, this time thanks to its involvement with Venezuela.
Sep 21, 2020
Popular Chinese-owned apps WeChat and TikTok narrowly avoided a US government ban on new downloads Sunday night. On Friday, President Trump directed the US Department of Commerce to issue a ban on US companies (including Apple and Google) facilitating downloads of — or updates to — the WeChat and TikTok apps specifically, citing national security concerns.
Oct 4, 2018
A judge this week says ZTE violated the terms of the probation imposed on the company in March 2017, when it admitted to illegally shipping technology to Iran. ZTE settled with the government then and agreed to a probationary period through 2020.
Return to Business?