ZTE settles with US government, fined $1.2 billion

The Chinese phonemaker was found by the Commerce Department to be doing business with companies in Iran and North Korea, a sanctions no-no.

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US continues export reprieve for ZTE, could be permanent

The Commerce Department has issued its third extension of trade reprieves for Chinese manufacturer ZTE, allowing the company to source parts from the US until at least February 27.

ZTE and its parts suppliers initially faced its sanctions after a 2012 investigation into its secret trading practices with Iranian businesses, a no-go for the US. The company has since been cooperating with the government on its extended investigations while it has continued buying components such as Qualcomm’s Snapdragon processors for use in products sold in the US.

One financial analyst believes that ZTE may be able to permanently shake off the restrictions, though there’s uncertainty surrounding that decision with an incoming President Donald Trump potentially escalating the US’s trade pressure toward China.

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More Sony F8331 pictures come out of Iran

If you’re familiar with this leak, it’s because this one’s pretty much looking like the last one.New pictures are up on Xperian.ir of what’s assumed to be the Sony F8331, a to-be-named device in the Xperia X series. As with a photo leak from a week ago, the front and back of the device are shown, but this time with the device’s screen off.Other ...

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ZTE will find it hard sourcing US parts with Commerce Department notice

American sanctions may have lightened up on Iran as the country continues to wind off nuclear production of potentially fissile material, but the Commerce Department is ready to tack on a major penalty to Chinese telecommunications company ZTE.The department plans on beginning export restrictions on all of ZTE’s global suppliers which will make it nearly impossible for them to ship any US-made parts to ...

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