Exclusive: U.S. clears hurdle to lifting ban on China's ZTE

Exclusive: U.S. clears hurdle to lifting ban on China's ZTE

6 years ago
Anonymous $TjsaxHwAP-

https://finance.yahoo.com/news/exclusive-u-clears-hurdle-lifting-174151016.html

"Once ZTE has completed the $400 million escrow deposit," the Commerce Department said in a statement, it will "issue a notice lifting the denial order." ZTE did not immediately respond to a request for comment.

The escrow agreement is part of a $1.4 billion settlement ZTE reached with the U.S. Commerce Department last month to regain access to U.S. suppliers, whose components it relies on for its smart phones and networking gear.

Last Seen
24 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
11 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000