Today U.S. Secretary of Commerce Wilbur Ross announced that (“ZTE Corporation”) and (“ZTE Kangxun”) (a.k.a. “ZTE”) has agreed to pay additional $1 billion and place $400 million in suspended money escrow to replace denial order imposed by BIS for the violation of the settlement agreement reached in March 2017. ZTE is the largest telecommunications company […]

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Source: U.S. Department of Commerce – BIS In this rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) to revise the existing Validated End-User (VEU) list for the People’s Republic of China by updating the list of eligible items and destinations (facilities) for VEU Advanced Micro Devices, Inc. (AMD). Specifically, […]

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