ZTE has been accused of having access to Facebook user information amidst the recent Facebook data misuse ordeal
SUMMARY
As of the end of May 2018, multiple outlets indicated that the United States may soon be lifting its ban on Chinese telecommunications company ZTE after talks of a preliminary $1.4 billion agreement is met. The deal is broken up into $1 billion in fines, $400 million in damage control for intellectual property violations, and over $350 million from amending a 2017 settlement agreement. Recently, ZTE has been under heavy scrutiny after 126 counts of patent infringement were levied against them. In addition, ZTE has been accused of having access to Facebook user information amidst the recent Facebook data misuse ordeal. United States’ President Trump’s decision to offer the agreement in order to lift the ban is being criticized, many saying he is being too lenient with ZTE Corporation.
FAO GLOBAL ASSESSMENT
For American companies looking to partner with or rely on products from ZTE as a matter of conducting business should not consider this agreement as an absolute guarantee. As this is already a controversial decision, should the Chinese telecommunications firm cross the line again, Congress is likely seek a much more permanent solution.
Related Links
- Tech Crunch – What President Trump Doesn’t Know About ZTE
- NPR – China’s ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban
- South China Morning Post – ZTE claws back bonuses, reprimands 35 staff over Iran sanction breach to meet US pledge
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