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June 7, 2018 12:53 pm GMT

ZTE fined $1 billion

After much negotiation with the Trump Administration, Secretary of Commerce Wilbur Ross confirmed this morning that ZTE, the Chinese telecommunications giant, has agreed to a $1 billion fine. That penalty was assessed following an investigation showing that ZTE had violated U.S. sanctions by selling telecom technology to Iran and North Korea. Ross made the comments […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rWU-OeLg4IA/

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