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China's ZTE Pays $1 Billion in Penalty Deal to the U.S. to Stay in Business

2018-06-10 | by Kerry Lear | Share on Facebook   China's telecommunications giant ZTE will remain in business thanks to a recent deal between the U.S. and China. After the telecom company was caught violating U.S. sanctions by working with Iran and North Korea, the U.S. Department of Commerce signed an order in April barring U.S. companies from selling software to ZTE for seven years. For the last two months, ZTE was basically shut down and was forced to ...More