According to the news on May 22, relevant media said that the United States will cancel the sales ban on ZTE’s sales in the United States. Since then, ZTE needs to maintain its original business in accordance with the previous agreement. At the same time, ZTE needs to adjust its management and board of directors. ZTE also expressed a positive reply to this news.
At present, the United States and ZTE have reached an agreement, but the relevant details have not been fully finalized. ZTE has received the latest materials from the United States. ZTE will focus on promoting the speedy resolution of this issue.
It is understood that if the United States finally negotiates with ZTE, ZTE still needs to rectify the management and pay a huge compensation.
Since mid-April, the U.S. Department of Commerce has proceeded with ZTE’s real-time export products on the grounds of violating the US sanctions ban, which lasted for as long as seven years. In response, ZTE had to immediately launch a series of countermeasures, but this The ban on lethality is astonishing. Prior to this, ZTE’s related business was temporarily suspended.
Believe that today's news, Zhonghe can let ZTE and its nearly 80,000 employees breathe a sigh of relief.
