ZTE of China to Pay $1B Fine in Deal to End U.S. Sanctions

You'd be naive to think if ZTE were to go under will be at America's best interest. U.S. semiconductor industry as a whole will be impacted as ZTE is one of the largest mobile handset and networking equipment manufacturer.

I love how we are slapping sanctions on our allies and letting our adversaries in the backdoor. All the while complaining about IP theft from China. Sad!

Meanwhile, a Chinese state investment puts $500 million dollars towards an Indonesian project heavily involving Trump properties, golf courses and branding.<p><a href="https:&#x2F;&#x2F;www.nationalreview.com&#x2F;news&#x2F;china-contributing-500-million-trump-linked-project-indonesia&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.nationalreview.com&#x2F;news&#x2F;china-contributing-500-m...</a><p>Peddling influence and using government for personal profit seems par for the course in this administration.<p><a href="https:&#x2F;&#x2F;www.salon.com&#x2F;2018&#x2F;05&#x2F;16&#x2F;trumps-bizarre-zte-tweets-payback-for-a-huge-real-estate-deal-in-indonesia&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.salon.com&#x2F;2018&#x2F;05&#x2F;16&#x2F;trumps-bizarre-zte-tweets-p...</a>

Trump&#x27;s flipping around shouldn&#x27;t be that surprising, but the wholesale abandonment or banishment of any independent thought from the Republican party is quite a (terrible) thing to behold.<p>They claimed they were for &quot;law and order&quot; but the stand firm behind a criminal and want to take down the FBI and other agencies.<p>They were for standing up to tinpot dictators, but are now fighting over who can suck up to Kim the best.<p>They claimed they were for free trade and smooth business, but are now working hard to wreck the Western alliance.<p>And let&#x27;s not even try to get into the whole &quot;family values&quot; scam...

“Too many jobs in China lost” - Xi’s waterboy and president of the USA

So the outcome here is:<p>- All key leadership and board memebers are to be fired and replaced within 30 days<p>- US picked compliance team embedded in ZTE that the commerce department is reimbursed for by ZTE<p>- $1B fine and $400M in escrow<p>- Qualcomm &#x2F; NXP deal seems likely to be approved, helping US jobs<p>In the past we&#x27;ve seen other countries deal with Iran while under sanctions, and we&#x27;ve gotten nothing out of them other than speeches at the U.N.<p>I kinda think I like this better.<p><i>oblig disclaimer - I didn&#x27;t vote for Trump, and I don&#x27;t knee-jerk defend his actions...</i>