https://www.cnet.com/news/us-makes-deal-with-chinese-telecom-giant-zte/

The US appears to have struck a deal with Chinese telecom giant ZTE, resolving a controversy that had put the Chinese telecom giant in peril.

The deal includes a $1 billion penalty against ZTE, and a compliance team, chosen by the US, will be embedded at the company, Commerce Secretary Wilbur Ross told CNBC Thursday morning. It also requires ZTE to change its board of directors and executive team in 30 days.