Violation Tracker Individual Record
Company:
Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd.
Current Parent Company:
ZTE
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 Parent:
China
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
telecommunications
Specific Industry of Parent:
telecommunications
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
