💰 U.S. FCC set to ban all U.S. sales of Huawei, ZTE equipment- Axios

TL;DR

WASHINGTON, Oct 13 (Reuters) - The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ) in the United States on national security grounds, according to an agency document."The FCC remains committed to protecting our national security by ensuring that untrustworthy communications equipment is not authorized for use within our borders, and we are continuing that work here," Rosenworcel said in a statement Thursday.In June 2021, the FCC voted to advance the plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats, including Huawei and ZTE.The FCC said in June 2021 it was considering banning all equipment authorizations for all companies on the covered list.Also in 2020, the FCC designated Huawei and ZTE as national security threats to communications networks - a declaration that barred U.S. companies from tapping an $8.3 billion government fund to purchase equipment from the companies."

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