Technology

China’s ZTE expected to take last step to lift ban: U.S. official

(Reuters) – China’s ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the “next couple of days,” the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.

FILE PHOTO: The logo of China’s ZTE Corp is seen at the lobby of ZTE Beijing research and development center building in Beijing, China June 13, 2018. REUTERS/Jason Lee

Reporting by Karen Freifeld

Related posts

Selling with the enemy: Why rival retailers embrace Amazon.com

news

Despite hacking charges, U.S. tech industry fought to keep ties to Russia spy service

news

Success for Uber’s direct loan despite driverless fatality

news

Leave a Comment