U.S. officials have warned telecommunication companies that undersea cables that ferry internet traffic across the Pacific ocean are vulnerable to tampering by Chinese repair ships, Dustin Volz, Drew FitzGerald, Peter Champelli, and Emma Brown of The Wall Street Journal reports. State Department officials said a state-controlled Chinese company that repairs international cables are hiding its vessels’ location, which officials said defied easy explanation. Silicon Valley giants, such as Google (GOOGL) and Meta Platforms (META), partly own many cables and are investing in more.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Nvidia Stock (NASDAQ:NVDA): Is It a Buy at 71.3x Earnings?
- Bet On It: Investment manager comes out against Play AGS take-private deal
- Sony Music sends warning letters over AI use of its artists, FT reports
- Has Super Micro Computer Stock (NASDAQ:SMCI) Really Peaked?
- TikTok tests 60-minute video as it moves to challenge YouTube, Tech Crunch says
