Monday, June 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CCIX Consortium Base Specification 1.0 Allows Companies to Deliver CCIX Production Devices
YouTube Music and YouTube Premium Launch in More Countries
HPE Says Astra is The World's largest Arm-based Supercomputer
Garmin fēnix 5 Plus GPS Sportswatch Adds Maps, Music, Garmin Pay and Wrist-based Pulse Ox
Google Uses Deep Learning to Predict When a Patient Will Die
Volvo Penta Unveils Self-docking Yacht Technology
iOS 12 Will Automatically Share Your Location with The Police
Google to Invest $550 Million in China E-Commerce Site JD
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > ZTE Set...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 07, 2017
ZTE Settles With U.S. Over Iran, North Korea Sales


ZTE Corp has agreed to pay $892 million and plead guilty to criminal charges for violating U.S. laws that restrict the sale of American-made technology to Iran and North Korea.



A five-year investigation found ZTE conspired to evade U.S. embargoes by buying U.S. components, incorporating them into ZTE equipment and illegally shipping them to Iran.

In addition, it was charged in connection with 283 shipments of telecommunications equipment to North Korea.

"ZTE acknowledges the mistakes it made, takes responsibility for them, and remains committed to positive change in the company," said Dr. Zhao Xianming, Chairman and CEO of ZTE Corporation. "Instituting new compliance-focused procedures and making significant personnel changes has been a top priority for the company. We have learned many lessons from this experience and will continue on our path of becoming a model for export compliance and management excellence. We are committed to a new ZTE, compliant, healthy and trustworthy."

The company's guilty pleas, which must be approved by a judge, will take place in U.S. District Court in Texas. The Shenzhen-based company has a U.S. subsidiary in Richardson, Texas.

ZTE has continued to do business with U.S. suppliers under a temporary general license that was extended several times, with the latest reprieve expiring March 29.

The company on Tuesday agreed to a seven-year suspended denial of export privileges, which could be activated if there are further violations. A denial order would bar the receipt of U.S. origin goods and technology.

ZTE also agreed to three years of probation, a compliance and ethics program, and a corporate monitor.



Previous
Next
Amazon Delivers Echo Data in Murder Case        All News        Razer Opens zVault Virtual Currency
Amazon Delivers Echo Data in Murder Case     General Computing News      WikiLeaks Claims Gadgets, Tvs Enable Snooping

Get RSS feed Easy Print E-Mail this Message

Related News
ZTE Accepts $1bn Fine to remove U.S. Ban
China's ZTE Close to Reaching Agreement With U.S.
U.S. to Impose Fine, New Management to ZTE to Keep it in Business
Samsung in Talks with ZTE to Offer Exynos Mobile Processor
President Trump Says It Will Help ZTE Get Back Into Business
ZTE Winds Down U.S. Operations After U.S. Ban
ZTE's Nubia Red Gaming Phone Released
ZTE Says Company's Survival at Risk
U.S. FCC Targets Huawei and ZTE With New Equipment Spending Controls
US Commerce Department Ban Companies From Selling Hardware to ZTE
ZTE Unveils New Blade Series and 1.2Gbps Smartphones at MWC
ZTE Launches the $80 Tempo Go Android Oreo Device

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .