Lawmakers introduce legislation to provide US$700 million in grants to help small time telecommunication providers to replace ZTE and Huawei components.
Other American universities including UC Berkeley and Stanford University have made similar moves to cut research ties with Huawei following the US indictments.
Australia announced contract guidelines in August regarding fifth generation mobile networks in the country which effectively barred Huawei and ZTE.
The chief of Britain's foreign intelligence service says Britain should avoid relying on a monopoly provider of equipment in new 5G mobile networks
Huawei said TPG's announcement was 'extremely disappointing'.
The US has expressed worries about foreign investment in Israel, particularly from China.
The proposed law and investigation are 2 of several challenges that Huawei faces in the US market.
The executive order, which has been under consideration for more than eight months, could be issued as early as January.
Samsung singled out 5G as a target for US$22 billion in investments.
Huawei has denied any ties to the Beijing, but many in Washington and other Western capitals are sceptical and have raised security concerns.
The report follows a decision by the United States this year to ban government purchases of Huawei gear.
Discord has already arisen among Trump’s trade team.
A merger would also signal that the Chinese government would be willing to sacrifice the benefits of local competition over the speed of 5G adoption by reducing its number of phone operators to two.
The ban signals a hardening of Australia's stance toward its biggest trading partner at a time when relations between the two have soured over Canberra's allegations of Chinese meddling in its politics.
Huawei surpassed Apple to become the world's number two smartphone maker in Q2 2018 by targeting developing nations with moderately priced yet sophisticated phones.
The House and Senate are deliberating over whether to reimpose the ban, which China has warned would put ZTE out of business, as part of the annual defence policy bill.
ZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on U.S. firms supplying parts to China's second-biggest telecommunications equipment maker.
The United States in April imposed a seven-year supplier ban on ZTE after it broke an agreement to discipline executives who conspired to evade US sanctions on Iran and North Korea.
Trump had agreed to lift crippling US sanctions, which threatened to put China’s second-largest telecom equipment maker out of business, after a personal plea from China’s president, Xi Jinping.
He hopes to soften a provision in defense policy legislation that would reimpose a ban on ZTE doing business with its US suppliers, a sanction that would essentially close the company.
The company’s Hong Kong shares slid to their lowest since July 2016, while its Shenzhen stock fell its 10% daily limit on Tuesday.
The Republican-controlled Senate voted 85-10 for the annual National Defense Authorization Act, or NDAA, which authorizes US military spending but is generally used as a vehicle for a broad range of policy matters.
Clearance from China would remove the final regulatory hurdle for the purchase, which has been pending for more than 18 months.
China's No. 2 telecommunications equipment maker was crippled when the US imposed a seven-year supplier ban on the company.
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