ZTE Faces $1B Bribery Settlement, Shares Plummet
Update: 2025-12-11
Description
ZTE, a Chinese telecom giant, may pay over one billion dollars to the U.S. government to resolve foreign bribery accusations. The Justice Department is investigating alleged violations of the Foreign Corrupt Practices Act in South America and other regions. ZTEs shares dropped after the news, and a settlement could impact their finances.
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