CSCO
Cisco likely to appear on potential Chinese blacklist of U.S. firms - WSJ
- Cisco Systems (CSCO-2.1%) may be on a Chinese blacklist of American
entities that Beijing officials are hastily drawing up, according to *The
Wall Street Journal.*
- Some Chinese leaders are hesitating on pulling the trigger and arguing
a decision on the list should wait until after the U.S. election. But
that
points to struggles in China over how to respond to contentious action
from
the Trump administration.
- China had first announced a plan to create a blacklist in May 2019, as
restrictions against China's Huawei started to heat up. But it's resisted
action up until now, even as the Trump administration has intensified
pressure against companies like TikTok/ByteDance (BDNCE) and Tencent (
OTCPK:TCEHY).
- Of all the blacklists that Chinese ministries have been asked to
draft, Cisco - a key Huawei rival - has made each one, the *WSJ* says.
- Suddenly moving lower off the news: Acacia Communications
(NASDAQ:ACIA),
-1%. Fabrinet (NYSE:FN) is -2.3%. Meanwhile, optical firms are higher:
Applied Optoelectronics (NASDAQ:AAOI)+5.9%; Lumentum (NASDAQ:LITE)+4.8%;
NeoPhotonics (NYSE:NPTN)+1.8%.
|Today, 1:29 PM|11 Comments
Cisco likely to appear on potential Chinese blacklist of U.S. firms - WSJ
- Cisco Systems (CSCO-2.1%) may be on a Chinese blacklist of American
entities that Beijing officials are hastily drawing up, according to *The
Wall Street Journal.*
- Some Chinese leaders are hesitating on pulling the trigger and arguing
a decision on the list should wait until after the U.S. election. But
that
points to struggles in China over how to respond to contentious action
from
the Trump administration.
- China had first announced a plan to create a blacklist in May 2019, as
restrictions against China's Huawei started to heat up. But it's resisted
action up until now, even as the Trump administration has intensified
pressure against companies like TikTok/ByteDance (BDNCE) and Tencent (
OTCPK:TCEHY).
- Of all the blacklists that Chinese ministries have been asked to
draft, Cisco - a key Huawei rival - has made each one, the *WSJ* says.
- Suddenly moving lower off the news: Acacia Communications
(NASDAQ:ACIA),
-1%. Fabrinet (NYSE:FN) is -2.3%. Meanwhile, optical firms are higher:
Applied Optoelectronics (NASDAQ:AAOI)+5.9%; Lumentum (NASDAQ:LITE)+4.8%;
NeoPhotonics (NYSE:NPTN)+1.8%.
|Today, 1:29 PM|11 Comments
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