The company admitted in 2017 exporting telecoms equipment to Iran and North Korea in violation of USA regulations.
The Chinese company has been accused of violating USA sanctions by selling sensitive equipment to both North Korea and Iran.
Acacia Communications Inc's supply agreement with ZTE Corp will remain suspended until the U.S. Department of Commerce implements its recent settlement with the Chinese firm, the U.S. company said on Tuesday.
The ban, which has prevented ZTE from buying the US components it relies on to make smartphones and other devices, will not be lifted until ZTE pays a fine and places $400-million more in an escrow account in a USA -approved bank.
Commerce Secretary Wilbur Ross was on Capitol Hill on Monday evening to speak with senators behind closed doors about the details of the ZTE deal, in a meeting that began shortly after the decision to include the amendment blocking the president's deal was announced.
Acacia said the settlement may ultimately allow it to resume ties with ZTE.
According to a Reuters estimate based on company filings and a source with knowledge of the matter, that could result in about 40 senior executives being replaced including its 14-person board, based on its current management structure. The idea of ZTE being used as a bargaining chip in trade negotiations with China angered lawmakers, who view the company as a national security issue. Cotton said the president won't veto the bill "because the bill pertains many other critical priorities". The terms of that deal stipulate that the company has to install a whole new set of directors, embed a US-chosen compliance department and pay a $1 billion penalty. The coordinator will have a staff of at least six employees funded by ZTE. Its Shenzhen stock slid by the daily maximum of 10%.
The Hong Kong-listed shares of ZTE slid as much as 41 per cent to HK$14.98, their lowest in a year, following a two-month trading suspension.
There is also a risk that the Trump administration's move to lift the ban on ZTE could be undercut by Congress.
ZTE said Tuesday it will resume operating activities affected by the ban "as soon as practicable".
US lawmakers have attacked the agreement and planned legislation to roll it back, citing intelligence warnings that ZTE poses a national security threat.
ZTE employs 70,000 workers in China and is the fourth-largest vendor of mobile phones in the U.S.
The leaders of Macedonia and Greece reached an agreement on Tuesday to end a 27-year feud surrounding the Balkan country's name. Athens officials had objected to the name Macedonia , fearing territorial claims on a northern Greek province of the same name.
Over the weekend , Trump aides on Sunday morning news shows called Trudeau a backstabber who deserved a "special place in hell". Trudeau later said he reiterated to Trump that tariffs will harm industries and workers on both sides of the U.S.
Monday in NY - marking the first face-to-face encounter between a sitting U.S. president and a North Korean leader. The two men kicked off their summit with a handshake shortly after 9 a.m. local time Tuesday - 9 p.m.
It is possible Justify could be paraded at the track like American Pharoah after he won the Triple Crown for Baffert in 2015. "He is a Triple Crown victor and he's undefeated", said Repole, emphasizing his admiration for the powerful, 6-for-6 colt.
So far only pre-cut melons have been linked, but it's important to remember food safety measures if you buy whole melons. At least 60 people have reported getting sick from a salmonella outbreak linked to pre-cut melon, according to the U.S.
The appearance of an original PlayStation is just one way that the Resident Evil 2 remake is paying homage to the original game. It's possible that there are other changes in the Resident Evil 2 remake, but if there are, Capcom hasn't revealed them yet.
In another act of solidarity, residents of Bay Ridge protested Villavicencio's treatment in a march to the base on June 6. As a result, his voluntary departure order became a final order of removal, Immigration and Customs Enforcement said.
The Walt Disney Co. announced Tuesday that Infinity War reached the mark on Monday, about seven weeks (48 days) after release. Avengers: Infinity War has achieved another major milestone: passing $2 billion at the global box office.
German authorities have also discovered special programming in Daimler cars that they have classified as "inadmissible". Daimler hasn't contested the existence of the devices, but has argued that the devices may not be illegal.
Angelina Jolie at risk of losing primary custody of kids
Jolie can only call once a day when the kids are with the actor. "They worked out an agreement that was mutually acceptable". Brad will not have all the kids at once, but he'll designate one or two of the children to spend time with at a time.
Prince Harry gives Meghan Markle some royal pointers
The Duchess of Sussex opted for a pale pink off-the-shoulder dress by Carolina Herrera with a matching hat by Philip Treacy. In another unprecedented series of events, a member of the royal family has been submitted for Emmy consideration.
The Elder Scrolls Legends Coming To Switch
We were huge, huge fans of the rebooted " Doom " and to see it get a sequel is just fantastic. This time out, dynamic weather systems and seasons are going to play a role in the game.
Fallout 76 - All the Fallout 76 Trailers in One Spot
From the forests of Appalachia to the noxious crimson expanses of the Cranberry Bog, each region offers its own risks and rewards. An interesting an fun story mechanic that plays into perhaps the biggest and most notable change coming to Fallout 76 .
Kate Middleton Comforts Prince George at Polo Game
Prince George has previously been spotted wearing another style from the Hampton Canvas range at Trotters called the Nantucket. The midi length and waist tie further flatter the frame, making this an easy choice for a Sunday family outing.