ZTE Swings to a Loss After Being Hit by $1 Billion-Plus U.S. Fine

The transcript discusses the financial and operational challenges faced by ZTE, a major Chinese telecom company, due to US sanctions related to violations involving North Korea and Iran. ZTE faced significant financial losses and had to agree to a board reshuffle, a hefty fine, and external oversight to lift the US technology ban. The company is now working to ramp up production and regain trust among its customers, while still facing political pressures in Washington.

What is the timeline for ZTE to return to profitability according to the text?

How did the political climate in Washington affect ZTE's operations?