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.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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