Home > Uncategorized > US Panel Warns On Huawei And ZTE – Business Insider

US Panel Warns On Huawei And ZTE – Business Insider

American companies should avoid doing business with Chinas two leading technology firms because they pose a national security threat to the United States, the House Intelligence Committee is warning in a report to be issued Monday.The panel says U.S. regulators should block mergers and acquisitions in this country by Huawei Technologies Ltd. and ZTE Corp, among the worlds leading suppliers of telecommunications gear and mobile phones.Reflecting U.S. concern over cyber-attacks traced to China, the report also recommends that U.S. government computer systems not include any components from the two firms because that could pose an espionage risk.”China has the means, opportunity, and motive to use telecommunications companies for malicious purposes,” the report says.The recommendations are the result of a yearlong probe, including a congressional hearing last month in which senior Chinese executives of both companies testified, and denied posing a security threat.A U.S. executive of one of the companies said the firm cooperated with investigators, and defended its business record. Huawei is a “globally trusted and respected company,” said William Plummer, vice president for external affairs.On Monday, ahead of the reports release, a Chinese foreign ministry spokesman said investment by Chinas telecommunications companies in the United States showed the countries have mutually beneficial relations.”We hope the U.S. will do more to benefit the interests of the two countries, not the opposite,” said spokesman Hong Lei at a regular briefing.

via US Panel Warns On Huawei And ZTE – Business Insider.

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