U.S. Forces China Smart Phone Maker ZTE to Shut Down

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Offside Senior Member • Posts: 5,065
U.S. Forces China Smart Phone Maker ZTE to Shut Down
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Apparently, selling U.S. technologies to Iran and North Korea is not a good idea.

"One of the leading Chinese smartphone makers, ZTE, is shutting down global operations in the face of crippling sanctions levied by the US government. ZTE is China's number-two smartphone maker, and as recently as last year it was the number-four smartphone vendor in the US."

"Last year, ZTE admitted to an elaborate multi-year scheme to sell US-made technology to Iran and North Korea in violation of US sanctions laws. ZTE paid $890 million in penalties and said it was in the process of disciplining dozens of senior company officials who had orchestrated a scheme to violate US sanctions laws."

https://arstechnica.com/tech-policy/2018/05/the-trump-administration-just-forced-smartphone-maker-zte-to-shut-down/

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