Some days ago, we reported that the US Secretary of Commerce Wilbur Ross announced that ZTE has agreed to pay a huge fine in order to overturn the U.S Commerce Department’s Bureau of Industry and Security (BIS) denial order imposed as a result of ZTE’s violations of its March 2017 settlement agreement. The total fine sums up to about $2.29 Billion. After nearly two months of the ban, it appears that ZTE is very anxious to come back to business.
Gizchina News of the week
ZTE Corporation issued an internal letter stating that this whole brouhaha was caused by the negligence of a few cadre and employees of the company and this is a lesson for everyone to learn. The letter stated that after the refusal order is lifted, the company will quickly resume normal operations . The current situation of the company is still extremely difficult, and there are still many difficulties that need to be tackled. The company acknowledged in the letter that there is still a lot of work to be done before the ban is finally lifted. A roughly translated Chinese text reads
“We must do it: stick to our position and not be affected by rumors; The bottom line of the plan is unshakeable; we are committed to meeting the needs of our customers wholeheartedly and returning our customers’ support to us with practical actions…”The company is proud of you!… I apologized to all employees, customers, shareholders, and partners.”
The company finally thanked its almost 80,000 employees and their family members worldwide for their commitment to the company despite its difficult times.