IDG Connect's roundup from a week in business technology. IDG, world’s largest technology media company.
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| | I’m back, baby! Embattled Chinese telco company ZTE has jumped through the required hoops and will soon be allowed to restart operations in the US. The company has changed its board and agreed to place $400 million in an escrow account that the US government could take if it feels the company isn’t complying. Bloomberg reports the ban has so far cost the company around $3 billion. Not everyone was happy with the news, however. Senator Chuck Schumer said allowing ZTE to resume business was “a direct betrayal” to American workers and President Donald Trump’s promise to be tough on China. Read the rest of this week’s tech news roundup here. |
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