ZTE reportedly paying US Gov. $1.7 billion to Lift Ban

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https://www.androidauthority.com/zte-reportedly-will-pay-us-up-to-1-7-billion-to-lift-hardware-parts-ban-872958/

ZTE will reportedly pay a ton of money to the US to lift its hardware ban

• A new report claims ZTE has signed a preliminary agreement with the U.S. government that would allow it to once again use parts from U.S. phone suppliers.
• The report says ZTE could pay a total of $1.7 billion as part of the agreement.
• There are other conditions that ZTE must abide by in this settlement, including getting rid of its current board members and executive team.

It’s looking more and more like ZTE will be saved, thanks to a new agreement between the China-based smartphone maker and the U.S. government. Reuters reports, via unnamed sources.

The parts ban looked like it was going to shut down ZTE once and for all, but a few weeks ago, the company got a new and unexpected ally in U.S. President Donald Trump. He announced on his Twitter page that he was working with China’s president Xi Jinping to help give ZTE “a way to get back into business, fast.”