00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Federal Communications Commission ordered a ban on the import of new models of foreign-produced
00:07consumer wireless routers after an interagency panel determined they threatened national security,
00:12according to Bloomberg. The agency said companies can apply for exemptions.
00:17The ban could reshape the router market because most devices are made overseas.
00:21The action increases pressure on TP-Link, which faces investigations over alleged
00:26national security risks tied to China. The import ban applies regardless of the
00:31developer's nationality, including companies based in the U.S. The FCC cited a March 20th
00:36determination warning that foreign-made routers have been exploited in cyber attacks targeting
00:41U.S. infrastructure. The agency said the rule does not affect existing routers or
00:45already imported inventory. For all things money, visit Benzinga.com.
Comments