ZTE is now effectively back in business, following its payment of $892 million in penalties and placement of $400 million in escrow at a US bank. American firms may now sell products to the telecommunications giant again, ending what was supposed to be a seven-year ban sparked by the company’s selling of American technology to Iran and North Korea.



Removing the ban on ZTE was a key Chinese government demand amid escalating tensions between the world’s two largest economies. While those talks have stalled since the last high-level meeting in June, the U.S. and China have indicated their willingness to go back to the negotiating table. Neither is saying exactly what that would take.

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Source: [H]ardOCP – US Lifts Ban on China’s ZTE after .4 Billion Penalty