ZTE reprieve extended over sanctions
Print Edition
THE US government has extended through August 30 a reprieve to ZTE Corp on tough export restrictions imposed on the Chinese smartphone maker in March for allegedly breaking sanctions against Iran, the Commerce Department said.
The renewed Commerce Department license allows ZTE to continue exporting equipment containing US technology. The agency said in March that its first reprieve could be extended if the company cooperated with the government.
Experts have said US export restrictions were some of the toughest ever applied and would have caused disruption across ZTE’s sprawling global supply chain. The restrictions would have banned US companies from exporting to ZTE any technology, software or equipment such as chips and processors made in the United States.
The decision would also have prevented software makers from selling typical office applications like Microsoft Windows — or even providing updates.
But soon after imposing the restrictions in March, the agency offered the company a three-month relief from the restrictions, which was set to expire tomorrow. The Commerce Department announced the extension on Monday.
ZTE Chairman Zhao Xianming said the extension shows the company is improving its compliance and cooperating with the government’s investigation. The reprieve will allow ZTE to maintain its “relationships with hundreds of American companies and our continued investment in the US,” he said.
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