Tech

ZTE Temporarily Allowed to Resume Some U.S. Business: Report

ZTENABLED

It will be allowed to operate until Aug. 1.

zteeeeeeee_mnz42o
CHINA STRINGER NETWORK/REUTERS / Reuters

The Commerce Department will temporarily allow Chinese telecommunications firm ZTE Corp. to operate in the U.S., according to a document obtained by Bloomberg. Its permit from the department’s Bureau of Industry and Security will allow ZTE to continue some activities between July 2 and Aug. 1. It was not clear if the company will be permanently allowed to operate in the future, but a source told Bloomberg that ZTE will follow U.S. orders. The company was previously banned from operating in the U.S. for seven years for violating U.S. sanctions.

Read it at Bloomberg

Got a tip? Send it to The Daily Beast here.