US export ban on ZTE will hurt Qualcomm, others

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Apr. 17, 2018 – 

The United States Department of Commerce has activated an export ban on Chinese telecommunications equipment company ZTE Corp. as a nascent trade war between the US and China heats up.

ZTE agreed to a seven-year suspend export ban in March 2017, when it agreed a $1.19 billion fine for shipping telecommunications equipment to Iran and North Korea.

The Bureau of Industry and Security (BIS) within the Department of Commerce has now activated the ban because, it says, it has found out that ZTE made false declarations to BIS both during the settlement negotiations and subsequently.

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