U.S. lets ZTE resume business by lifting supplier ban

A ZTE phone is shown at the annual Consumer Electronics Show (CES

(Reuters) — The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow, as part of a settlement reached last mon…Read More