President Trump promises to grant ZTE a new lease of life

May 14, 2018 Abhimanyu Ghoshal


Chinese hardware firm ZTE, which you’ll remember as the company behind last October’s foldable Android phone and the owner of phone brand Nubia, was practically dead in the water as of last month owing to crushing US sanctions. Now, it’s found an unlikely savior in President Trump. Back in March 2017, the company was ordered to pay $1.2 billion in fines for violating sanctions by shipping sensitive US-made technology to Iran. Last month, it was banned from receiving and using American software and hardware in its products (including Qualcomm processors), and found its manufacturing arm unable to deliver new devices,…

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