In exchange for Trump’s removal of the ban, ZTE will make major changes in management, board seats and potentially pay fines, according to the Journal. Details of the deal are still being worked out, it added.

The move is part of a tentative deal between Washington and Beijing to settle tensions over ZTE after the U.S. Commerce Department banned American businesses from selling to the Shenzhen-based firm for seven years.

That penalty was widely expected to bankrupt the telecom heavyweight, which pleaded guilty in March to illegally shipping U.S. goods to Iran and North Korea in violation of American sanctions.