Tag Archives | ZTE

China’s ZTE removed from US Blacklist

By John Lee. China’s ZTE Corp has announced that it has been removed from the United States Department of Commerce blacklist, after it agreed to pay nearly $900 million in fines and other penalties. The company had previously pleaded guilty to conspiring to violate US sanctions by illegally shipping U.S. goods and technology to Iran. […]

ZTE Corp Pleads Guilty in Sanctions Case

By John Lee. Chinese telecom equipment maker ZTE Corp has pleaded guilty to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran. The guilty plea was part of an agreement the company reached earlier this month with U.S. authorities that also called for nearly $900 million in fines and other […]

ZTE fined $1.1bn for flouting US Sanctions

By John Lee. Chinese telecom giant ZTE Corporation (Zhongxing Telecommunications Equipment Corporation) has agreed to plead guilty to charges that it shipped US-made equipment to Iran and North Korea, and has been fined $1.1 billion. The equipment included routers, microprocessors and servers controlled under export regulations for “security, encryption… and/or anti-terrorism reasons“. Steven T. Mnuchin, US […]

US allows China’s ZTE to Continue Working With Iran

By John Lee. Chinese telecommunications firm ZTE has been granted a reprieve from the U.S. to continue work with Iran until 29th March; this is the shortest reprieve granted by the US to ZTE. The Bureau of Industry and Security (BIS), which is part of the US Department of Commerce, has extended ZTE’s temporary general […]