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emesdoublee
User Rank
Manager
Yes, ZTE pays
emesdoublee   3/10/2017 12:21:34 PM
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This is 1.19 Billion in total with 300 million suspended. Yes! ZTE pays the biggest fine ever.

https://www.commerce.gov/news/press-releases/2017/03/secretary-commerce-wilbur-l-ross-jr-announces-119-billion-penalty

Don't mess around with export restrictions. That is the lesson. ZTE got scared big time once they got put on the entity list.

 

SMT06482
User Rank
Apprentice
ZTE Agree to Pay U.S. $892 Billion Over Iran Charges
SMT06482   3/9/2017 4:44:52 PM
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Chinese telecommunications giant ZTE Corp. has agreed to pay more than $892 million?

Whatever the amount is this is good news.

paul.jhnson
User Rank
Rookie
Tip of the iceberg
paul.jhnson   3/9/2017 4:31:15 PM
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Tip of the iceberg

zmathai2009
User Rank
Rookie
It is $892 Million ...not Billion
zmathai2009   3/9/2017 3:55:27 PM
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Title says $892 Billion.... but inside text says $892 Million. One of them is wrong.

I wonder how it passed the proof reading stage



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