ZTE was accused of dodging United States sanctions on Iran in 2016, by selling technology from the U.S. to Iran through multiple shell companies. The US Department of Commerce threatened to cut off ZTE from all its supply chain partners in the United States, which ZTE avoided by paying nearly a billion dollars in fines.
Last month, the Department of Commerce officially instated the ban, alleging that ZTE had violated the terms of the sanction case. The ban is a massive blow to ZTE, as it blocks the company from its supply chains in the United States. The company can't use Qualcomm processors, modems from Intel, and other components.Read More