US Lifts ZTE Export Ban

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The U.S. Commerce Department has lifted the export ban on Chinese telecommunications giant ZTE now that it has met all the terms required to get a full reprieve. “Officials confirmed that ZTE had put $400 million in escrow on top of other requirements, including the payment of a $1 billion fine, replacing key leadership and accepting outside monitors that will ensure it honors U.S. export controls,” reports Engadget. From the report: Strictly speaking, this more of a probation — as


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