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The US Commerce Department decided Tuesday to ban Chinese technology giant ZTE from "temporarily suspending" the ban on buying components from US companies
. before August 1 Reuters
ZTE was forced to close all major operations in April for alleged violations of sanctions against Iran and North Korea, according to a news agency. The United States has banned US companies from selling domestically produced components to a Chinese company based in Shenzhen.
June 7, the short-term administration after the company agreed to pay a fine of $ 1 billion and deposited $ 400 million into a conditional deposit account to allow the company to continue its activities. day limits, which is the biggest change in the value of the company's stock over more than a year. Meanwhile, in Hong Kong, the company's shares rose 7.6 percent.
July 2, ZTE denied the information that it was likely to be bought by another telecommunications manufacturer, but industry badysts warned that despite the restructuring, uncertainty persists . June 29 Fourteen directors, including the former chairman of the board, InImin, resigned from the board of directors of ZTE.
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