Monday, June 25, 2018

ZTE pays new $1 billion fine, but its future remains uncertain

Chinese technology firm ZTE says it has forked over $1 billion to the US government. This is the first step toward ZTE returning to operation after a ban on purchasing US technology in April forced it to partially shut down. However, it's not out of the woods yet as the entire incident has become a political firestorm for the US administration.

ZTE got itself in this situation by failing to comply with all parts of a previous penalty for violation of US sanctions.

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ZTE pays new $1 billion fine, but its future remains uncertain was written by the awesome team at Android Police.



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