"Chinese Companies Enforce iPhone Ban, Apple Shares Plummet"

1 min read
Source: Hindustan Times
"Chinese Companies Enforce iPhone Ban, Apple Shares Plummet"
Photo: Hindustan Times
TL;DR Summary

Chinese state companies and government departments in eight provinces have instructed their employees not to bring iPhones and other foreign devices to work, as part of Beijing's efforts to reduce reliance on technologies developed by other countries. The move is seen as an attempt to support domestic brands like Huawei. China has been promoting the use of local software and domestic semiconductor chip manufacturing in state-affiliated firms, while both the US and China consider each other's tech companies as potential security risks.

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