Under the deal, ZTE will change its board and management within 30 days, pay a $1 billion fine, put $400 million in escrow and retain a new US-selected compliance team, Ross told CNBC.

US reaches deal with China's phone maker ZTE: Commerce Secretary

us-suppliers-0

Us suppliers, News on Us suppliers, stories on Us suppliers, articles on Us suppliers, Us suppliers stories at Wion, Us suppliers news, Us suppliers latest news

us suppliers-0

US reaches deal with China's phone maker ZTE: Commerce Secretary