GUANGZHOU/WASHINGTON -- Chinese telecommunications equipment makers Huawei Technologies and ZTE are expected to suffer heavy blows to their operations as U.S. regulators tighten the leash on Chinese technology companies, citing concerns over security.
New rules proposed on Tuesday would bar U.S. telecommunications companies that receive Federal Communications Commission subsidies from procuring products from foreign companies with security concerns. Targets have yet to be named, but a senior FCC official said Huawei and ZTE are expected to make the list.
