UPDATE 4-U.S. legislation steps up pressure on Huawei and ZTE, China calls it "hysteria" [Reuters]
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Source: Reuters
U.S. legislation steps up pressure on Huawei and ZTE, China calls it 'hysteria' | Reuters 5 Min Read WASHINGTON/BEIJING (Reuters) - A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. The proposed law drew sharp criticism from China where Foreign Ministry spokeswoman Hua Chunying called the U.S. legislation “hysteria”, intensifying a bitter trade war between Beijing and Washington. The bills were introduced shortly before the Wall Street Journal reported federal prosecutors were investigating allegations that Huawei stole trade secrets from T-Mobile U.S. Inc and other U.S. businesses. The Journal said that an indictment could be coming soon on allegations that Huawei stole T-Mobile technology, called Tappy, which mimicked human fingers and was used to test smartphones.
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