A couple of days ago, we updated that ZTE will have another chance to wander in the U.S. Well, it is official that ZTE will be back to the business after the Hardware ban is removed with respect to a settlement made to U.S government.
ZTE is charged with $1 billion penalties along with, change in its executive board within a time limit of 30 days. U.S. Secretary of Commerce Wilbur Ross confirmed to CNBC that the fine amount is finalized in order to lift the Hardware ban.
The back to business deal will help ZTE to gain some trust within the U.S after controversies. So ZTE will have access to import chipsets and software within the U.S to get back on track. This deal/Fine has saved ZTE from falling into the death valley. However, we are unaware of the exact time frame of when the hardware ban will be lifted.