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Violation Tracker Individual Record

Company: Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd.
Current Parent Company: ZTE
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,400,000,000
Year: 2018
Date: June 8, 2018
Offense Group: competition-related offenses
Primary Offense: export control violation
Violation Description: ZTE was required to pay $1 billion and put $400 million in escrow after BIS learned that the company had not complied with certain terms in a March 2017 settlement.
Level of Government: federal
Action Type: agency action
Agency: Bureau of Industry and Security
Civil or Criminal Case: civil
HQ Country of Current Parent: China
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.