EU plan to rip out Chinese hardware will cost massive US$430 billion: report

🌐 South China Morning Post (HK) —
EU plan to rip out Chinese hardware will cost massive US$430 billion: report

AI Summary

A report indicates that the EU's plan to remove Chinese hardware due to cybersecurity concerns could incur costs reaching 430 billion USD. This legislation reflects heightened tensions between the EU and China.

Brussels' proposed new Cybersecurity Act would require vast amounts of Chinese equipment to be ripped out and replaced in a slew of industries.

Security Politics Markets EU China hardware ban cybersecurity cost legislation

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