Apple and Qualcomm are caught in China's crosshairs

What to read today: Coronavirus and 5G Deployment: The coronavirus has preempted standards meetings, occupied the attention of network operators and regulators, and disrupted global technology supply chains, and it will delay global 5G rollouts by anywhere from six months to several years as network expansions are halted and new deployments are placed on hold. This report looks at how the pandemic and the subsequent fallout will slow the rollout of global 5G networks. .

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May 23, 2020 Apple and Qualcomm are in China's crosshairs as trade tensions soar. China is prepared to take "forceful countermeasures" against Apple and Qualcomm following US trade restrictions against Huawei – escalating US-China trade tensions. The proposed countermeasures include launching "endless investigations" against the US firms, placing the companies on a list of "unreliable entities," and subjecting them to legal scrutiny under China's anti-monopoly law. And if smartphone supply chains continue to divide in response to the escalation of US-China trade tensions, then access to consumer markets could become increasingly dependent on the manufacturing alignment of that country. Business Insider Intelligence's Hirsh Chitkara has the full story. NEW: Chart of the Day Insider Intelligence has launched a new daily newsletter packed with data and key statistics on the biggest trends in today’s most disruptive industries. Click below to join! 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