The European Union plans to phase out components and equipment from high-risk suppliers in critical sectors under proposed revisions to its Cybersecurity Act, citing rising cyber threats and concerns over foreign interference, Reuters’ Foo Yun Chee reports. The move, criticized by Huawei, aligns with broader European and U.S. efforts to curb reliance on Chinese technology in sensitive infrastructure Public companies that compete with Huawei include ZTE (ZTCOY), Ericsson (ERIC), Nokia (NOK), and Cisco (CSCO).
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