The United States Commerce Department has lifted the ban from ZTE and allowed it to resume its business activities again after the latter paid the final installment of the $1.4 billion fine that was imposed on it.
ZTE shut down its main business operations back in May of this year, following a U.S. export ban of goods to the company.
ZTE announced recently that it had shut down its main business operations, but it looks like that may not last too long.
Thanks to a ban from the U.S. Department of Commerce, ZTE has been forced to cease its global operations. Now, in a twist of fate for the company, U.S. President Donald Trump has tweeted that he and the President of China are working together to get ZTE a way back into the business.
Up until last month, ZTE was the fourth-largest smartphone vendor in the United States. This month, it is shutting down its entire global operations. This is because last month, the United States Department of Commerce announced a seven-year ban on ZTE from ordering parts from Amercian companies.
ZTE is facing some major issues lately, but it looks like it may be getting a lot worse before it gets better.
The United States Department of Commerce has just announced that it is enacting a major denial of export ruling against ZTE, the Chinese smartphone manufacturer.
At the tail-end of March, the ZTE Quartz was photographed in the wild ahead of any kind of announcement, suggesting it would become official soon.
In early February, a report provided the first official look at the Quartz, an upcoming smartwatch from ZTE.