US Bans American Companies From Selling To Chinese Electronics Maker ZTE (reuters.com)

An anonymous reader shares a report: The U.S. Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday. The Chinese company, which sells smartphones in the United States, pleaded guilty last year in federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran. It paid $890 million in fines and penalties, with an additional penalty of $300 million that could be imposed. As part of the agreement, Shenzhen-based ZTE Corp promised to dismiss four senior employees and discipline 35 others by either reducing their bonuses or reprimanding them, senior Commerce Department officials told Reuters. Update: The UK's cyber security watchdog has warned the UK telecoms sector not to use network equipment or services from Chinese supplier ZTE as it would have a "long term negative effect on the security of the UK."

Comments

Re:Why is Iran still the bogy man

[hyades1]

That you were modded down to -1 for this sensible, insightful comment speaks very poorly for who Slashdot is allowing to moderate these discussions. I know there is now a strong right wing presence here seeking to either take over or wreck the site. It looks like they're winning.

I expect this remark to join yours at -1 if the creeps with the fake accounts still have mod points left.