China's ZTE Expected To Take Last Step To Lift Ban: US Official

ZTE Corp is expected to deposit $400 million in an escrow account in a United States bank in the "next couple of days," the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday. ZTE, which makes smart phones and networking gear, agreed to pay a $1 billion penalty and put $400 million in escrow as part of a settlement it reached on June 7 with the Commerce Department to regain access to the U.S....

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