Zte will have another chance to wander in the U.S by paying a total of $1.7 billion as part of the agreement.
ZTE will be reportedly paying $1.7 billion as a settlement to buy parts from U.S based hardware companies. The new settlement will be paid to U.S government, in addition to the earlier fine $361 million as a part of an earlier agreement in 2017.
We believed that ZTE is going to end its life after the Hardware ban. Later U.S. President Donald Trump discussed with China’s president Xi Jinping to help give ZTE a possible way to get back to the business. Apart from the fine amount, ZTE will be replacing its members and executive team within 30 days limit.
ZTE will also allow unlimited access to its sites to check on regularly regarding the hardware and software being used under regulation. On the other sides, this agreement includes controversies. As ZTE and U.S Commerce Department spokesman has declined the claim. Let’s wait for few more days to get the official announcement publicly signed.