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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...
Read More at:
http://www.fonearena.com/blog/249818/us-govt-bans-zte-from-using-american-technology-for-7-years.html

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