ZTE agreed to pay US $ 1 billion in fines - @omr.dgli

in #technology6 years ago
 ZTE agrees to pay US $ 1 billion in penalty

In May of last year, ZTE one of China's and the world's most important smartphone makers, We have transferred to you what you stopped. ZTE, which has entered into an agreement with the US government has agreed to pay the penalty.

Faced with US sanctions for selling technology software and devices to Iran and North Korea the remaining ZTE will pay the US $ 1.19 billion . Before the enforced sanctions, it should be recalled that ZTE is a company with 75 thousand members and worth 20 billion dollars .

$ 400 million blocked

In addition to the $ 1.19 billion penalty in the terms of the agreement, ZTE will change the working staff to a large extent, and for the violations considered to occur in the future 400 million dollars Let's add. In addition to these penalties, a US monitoring team will also participate in ZTE for various inspections.

Of course, let me add that this agreement and the penalty to be paid are still only in principle. In short, there is not yet an agreement between ZTE and the US yet. We will continue to convey to you the developments between ZTE and US government.

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