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US Govt bans ZTE from using American technology for 7 years

The U.S. Department of Commerce has banned the Chinese maker ZTE from using American technology for seven straight years for violating the terms of a sanctions settlement. The company was caught illegally shipping goods to Iran, the U.S said the officials.  This is a serious deal breaker for ZTE as 25% to 30% of the components used in the ZTE’s equipment is from the American companies that include smartphones and gear to build telecommunications networks. The company failed to comply with an...
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