The fourth largest smartphone vendor in the U.S. is now officially back in business. On Friday, the U.S. Commerce Department lifted the export ban it had placed on ZTE back in April. The ban prevented the Chinese smartphone and network equipment manufacturer from purchasing needed hardware, software and components from U.S. companies. This reportedly affected about a third of the supplies needed to produce a ZTE smartphone.

Last year, ZTE was punished by the Commerce Department for selling goods and services to North Korea and Iran, both under U.S. sanctions. In addition ...


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