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April 16, 2018 02:44 pm GMT

U.S. companies banned from selling components to ZTE

This time last year, Chinese electronics giant ZTE pled guilty to violating sanctions on Iran and North Korea. This morning, the U.S. Department of Commerce announced a seven-yearexport restriction for the company, resulting in a ban on U.S. component makers selling to ZTE. The companys initial guilty plea was met with up to $1.2 billion […]

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