Could ZTE and Huawei have problems in the USA?
Over in good old America a congressional panel has allegedly said that both ZTE and Huawei pose as a national security threat and in a report to be published later today they wish the companies to be banned from mergers and acquisitions in the U.S. It said the firms had failed to allay fears about their association with the Chinese government and military.
Now we all know that ZTE and Hauwei are huge in the electronics world and a U.S ban could have a massive effect on their business. I'm a bit reluctant to go into the in's and out's of the politics but we will of course let you know of any further news on the subject.
Posted by: James