High Tech > Telecom

Trump says ZTE will pay $1.3B fine and overhaul its management to continue US business

11 monthes ago   |   By TechCrunch

U.S. President Donald Trump has claimed that Chinese telecom firm ZTE will pay a $1.3 billion fine and undergo a significant overhaul of its management team in order to remain operational in North America.
ZTE looked to be in dire straits when it ceased its business in the U.S. earlier this month after a Department of Commerce order banned U.S. partners from selling components to the company in response to it flouting trade bans in Iran and North Korea.
The company has since been reprised - a strategy move within the U.S.-China trade stand-off - but Trump said today that its new life comes...
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