ZTE to pay $892M fine for violating the US trade sanctions

08 March 2017
The company pleads guilty for six years illegal import of phones with American technology in Iran, including the period during the investigation.

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  • A
  • Ankush
  • bJ7
  • 06 Jun 2017

Boss I want to buy this phone

    • R
    • Rj
    • 7P0
    • 05 Jun 2017

    Celluloid, 09 Mar 2017Pity these countries put offensive weapons higher priority ... moreYupp !! and your country doesn't invest anything in offensive weapons, right ?

      • R
      • Rokka
      • IW9
      • 13 Mar 2017

      Celluloid, 09 Mar 2017Pity these countries put offensive weapons higher priority ... moreCan't agree more on this..

        • C
        • Celluloid
        • 6EV
        • 09 Mar 2017

        Ciders, 08 Mar 2017Someone high enough in the company probably oversaw those e... moreGood point.

          • C
          • Celluloid
          • 6EV
          • 09 Mar 2017

          Rokka, 09 Mar 2017Pity these such companies that tries to bring an affordable... morePity these countries put offensive weapons higher priority over their citizens imports.

            • J
            • JASONthenutofARGO
            • yQ8
            • 09 Mar 2017

            ZTE: ok we sell good amount of phone with very goo specs and decent prices lets expand our world coverage "after all ppl R ppl around the world"
            meanwhile in the not so white house :
            well we have economy crisis now whats the simplest way to rub money!!!!????
            some one lunatic there : ZTE (a chinese brand) uses american made soc's in their devices!
            that some one responsible : so fu-ck-ing what?
            some one lunatic again : they sell their goods in iran and North korea as well!
            that some one responsible : HAAH , lets fu-ck them !, i mean sue them a billion :)
            and thats it folks ;)

              • R
              • Rokka
              • IW9
              • 09 Mar 2017

              Pity these such companies that tries to bring an affordable device and get sued...

                • c
                • concerned owner
                • UD{
                • 09 Mar 2017

                AnonD-555067, 08 Mar 2017pay fine for selling smartphones with American-built Qualco... morethat is absolutely correct, if they'll let ZTE pay those fines for such reason, then no company is excused.

                  • D
                  • AnonD-257034
                  • 0xx
                  • 08 Mar 2017

                  AnonD-555067, 08 Mar 2017pay fine for selling smartphones with American-built Qualco... moreTry re-reading the article.

                    • ?
                    • Anonymous
                    • nGY
                    • 08 Mar 2017

                    It will all be recuperated in subsequent tax and custom fee charges on US phones and components sold in China.

                      • D
                      • AnonD-555067
                      • a3F
                      • 08 Mar 2017

                      pay fine for selling smartphones with American-built Qualcomm chipsets????.....that's funny....if that was the only reason, Sony, Lenovo, Samsung, LG and other companies should pay fine as well............

                        Well, hopefully they will find a way to settle as much as possible. Because ZTE was and is doing an excellent job, mostly with the Axon 7, etc. And I'm already waiting to see the Axon 8.

                          • C
                          • Ciders
                          • QPh
                          • 08 Mar 2017

                          Akinaro, 08 Mar 2017Dont get it... They didnt make lots of money selling them i... moreSomeone high enough in the company probably oversaw those exports in exchange of brides. So ZTE's top dog might not have been responsible, but the company itself became liable of its employee's actions.

                            • g
                            • grudge
                            • UD{
                            • 08 Mar 2017

                            amen!

                              • D
                              • AnonD-645386
                              • LaJ
                              • 08 Mar 2017

                              Anonymous, 08 Mar 2017If ZTE refuses to pay the fine demanded by the US then they... moreIf ZTE refuse to pay , they will not be allowed to use American software& hardware, GOOGLE, QUALCOMM, etc...
                              They already agreed to pay...So this is the life...

                                • D
                                • AnonD-640202
                                • r@s
                                • 08 Mar 2017

                                Akinaro, 08 Mar 2017Dont get it... They didnt make lots of money selling them i... moreZTE is a telecommunication company and they sold Telecommunication infrastructure facilities to Iran. Iran Market is differ from other Middle Eastern.

                                For a measurement:
                                In 2000, Nokia was supplier of Telecom to Iran worth 2B$ Annually.
                                In 2002, Ericcson, Alcatel and Sagem were supplier, worth 6B$ Annually.
                                In 2006, Huawei became the supplier, Worth 50B$ in total.
                                In 2010, ZTE Supplied US based good to Iran to improve 3G and 4G in Iran.
                                Their contract was finished in 2014. The contract worth, 28B$.7B$ each year.

                                So, ZTE is winner.
                                50 Million indirectly Active customers.

                                  • D
                                  • AnonD-492870
                                  • kha
                                  • 08 Mar 2017

                                  Akinaro, 08 Mar 2017Dont get it... They didnt make lots of money selling them i... moreIt may have not only been about sales, though. Sometimes it is about information and technology, but I am merely speculating in my mind what I think...

                                    Anonymous, 08 Mar 2017If ZTE refuses to pay the fine demanded by the US then they... more& US product (QC SoC's) also which is probably a bigger problem. But don't worry China will find some US company to pay that back in their playground.

                                      • a
                                      • a simple man
                                      • 6kj
                                      • 08 Mar 2017

                                      it would be cheaper for them to exit the US market and not pay the fine. I a few years, the us will want to enter into those markets and zte can go right back to business.

                                        Dont get it... They didnt make lots of money selling them in the first place, and they knew about problems they would get... so why?
                                        Those sells where really worth more than those fines?