The source pointed out that ZTE has not signed a relevant guilty plea agreement with the US Department of Justice and the Ministry of Finance, and does not rule out the change of personnel due to the personnel changes of the US government.
ZTE, the US Department of Justice and the Ministry of Finance spokesperson declined to comment. A spokesman for the Ministry of Commerce did not respond.
According to sources, ZTE has pleaded guilty to international emergency economic power legislation and other laws. This move may affect ZTE's business development in the United States.
ZTE currently supplies smartphones to AT&T, T-Mobile US and Sprint, as well as components to Qualcomm, Microsoft and Intel. In March last year, ZTE was included as a list of foreign companies that affected US national security, restricting its supply of goods to US companies. ZTE’s announcement on the Shenzhen Stock Exchange on February 14 pointed out that the US Department of Commerce, the Ministry of Justice and the Ministry of Finance discussed the possibility of ending the investigation.
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