US bans ZTE from buying Qualcomm chipsets for seven years

ZTE can't buy Qualcomm chips anymore, following a decision by the US Department of Commerce. It punishes the Chinese company for violating the terms of a sanctions violation case, by banning all US companies from selling prohibited goods such as chipsets to ZTE. The ban will be in force for seven years. ZTE pleaded guilty last year to conspiring to violate US sanctions by illegally shipping US-made goods and technology to Iran. As part of the ensuing settlement, ZTE promised to fire four senior employees and discipline 35 others by either reducing their bonuses or reprimanding...

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