Chinese manufacturer ZTE has announced that it has agreed to civil and criminal fines totaling nearly $1,192,360,064 with the Treasury and Justice departments of the US government and has publicized compliance measures it has made and will continue to make. The penalties are pending settlement approval from the Northern Texas District Court.
The company has been fighting the threat of trade restrictions that would have prohibited US companies from doing business with it, thus, strangling a large part of the mobile phone producer’s supply chain.
