ZTE is officially alive again, as US lifts 'death-penalty' ban
https://www.cnet.com/news/zte-is-officially-alive-again-as-us-lifts-death-penalty-ban/
ZTE is finally, officially free of the crippling US ban that threatened to sink the entire Chinese telecom company. It's been a long, painstaking process, but the US Department of Commerce announced Friday that the company has deposited the final $400 million in an escrow account -- and so the ban is lifted.
That $400 million is just the last item ZTE had to provide to satisfy the US government -- the company's paying a total of $1.4 billion this time around, on top of $892 million in penalties from a separate March 2017 agreement with the US government.
ZTE is officially alive again, as US lifts 'death-penalty' ban
Jul 13, 2018, 6:05pm UTC
https://www.cnet.com/news/zte-is-officially-alive-again-as-us-lifts-death-penalty-ban/
> ZTE is finally, officially free of the crippling US ban that threatened to sink the entire Chinese telecom company. It's been a long, painstaking process, but the US Department of Commerce announced Friday that the company has deposited the final $400 million in an escrow account -- and so the ban is lifted.
> That $400 million is just the last item ZTE had to provide to satisfy the US government -- the company's paying a total of $1.4 billion this time around, on top of $892 million in penalties from a separate March 2017 agreement with the US government.