According to reports, ZTE has now signed a $400 million escrow agreement with the U.S. Commerce Department to lift a ban and once again conduct business in the United States. Due to the ZTE violating an agreement made last year, the company shut down most operations while it fought to lift the ban and paid over a billion dollars in fines plus replaced its entire senior leadership. If ZTE breaks the new agreement at any point during the next 10 years, the $400 million escrow automatically goes to the U.S. government, and the import ban goes back into effect.

// via Instagram According to reports, ZTE has now signed a $400 million escrow agreement with the U.S. Commerce Department to lift a ban and once again conduct business in the United States. Due to the ZTE violating an agreement made last year, the company shut down most operations while it fought to lift the ban and paid over a billion dollars in fines plus replaced its entire senior leadership. If ZTE breaks the new agreement at any point during the next 10 years, the $400 million escrow automatically goes to the U.S. government, and the import ban goes back into effect.