ZTE has been fined a massive $1.2 billion in the US for breaking US sanctions, this is the largest fine that has been given to a company for breaking sanctions to date.
The company is being fined $1.2 billion for selling hardware and software to Iran from 2010 to 2016 whilst it was under US sanction.
The company apparently also sold hardware to Iran for the countries telecommunications infrastructure, they also apparently sold servers ad routers to North Korea.
The $1.2 billion fine is made up of an immediate fine of $892 million and future penalties of $300 million, which will depend on whether the company complies with the terms of the deal.
Source The VergeFiled Under: Technology News