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FCC Investigates Chinese Tech and Telecom Firms for Potential Evasion of US Restrictions

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The Federal Communications Commission (FCC) has launched an investigation into nine Chinese companies, including Huawei Technologies, ZTE, Hangzhou Hikvision, China Mobile, China Telecom, and others, to determine whether they are attempting to circumvent U.S. restrictions. These companies are currently listed on the FCC’s “Covered List,” which designates certain communications equipment and services as national security threats.

FCC Chair Brendan Carr stated that the companies may still be operating in the U.S. due to their belief that the FCC’s restrictions do not prohibit certain types of operations. Other companies under scrutiny include Hytera Communications, Dahua Technology, Pacifica Networks/ComNet, and China Unicom (Americas). This investigation is the latest move in a broader U.S. effort to combat perceived national security risks posed by Chinese telecom and technology firms.

The FCC has already barred these companies from providing telecommunications services in the U.S. due to national security concerns. However, Carr expressed concerns that some of the firms may be continuing business in America through private or “unregulated” channels. The FCC is investigating whether these companies are evading the restrictions and is taking steps to close any potential loopholes.

The agency has sent Letters of Inquiry and at least one subpoena to the companies, seeking detailed information about their ongoing activities in the U.S. and any potential assistance from other companies aiding their operations. Last year, the FCC also took steps to enhance the security of the Border Gateway Protocol (BGP) after U.S. agencies accused China Telecom of exploiting BGP vulnerabilities to misroute U.S. internet traffic.

Baidu Denies Data Breach Amid Controversy Over Executive’s Daughter

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Baidu, one of China’s largest search and cloud service providers, has denied allegations of an internal data breach after the teenage daughter of a senior executive was accused of posting personal information online. The controversy erupted when social media users alleged that the daughter of Baidu vice president Xie Guangjun had leaked private details, including phone numbers, during an online dispute.

In response, Baidu stated that neither employees nor executives have access to user data and that the leaked information originated from illegally obtained databases hosted on foreign platforms. The company also announced that it had filed a police report to counter misinformation, including claims that Xie’s daughter had access to Baidu’s databases.

Xie, a member of Baidu’s cloud division, apologized for his daughter’s actions, asserting that she had acquired the data from overseas social media sites. His statement, reported by Chinese media, was shared on his personal WeChat account.

The incident comes as China tightens data security laws to curb the sale of private information, an issue exacerbated by illicit data brokers. The controversy has impacted Baidu’s stock performance, with shares dropping over 4% in Hong Kong trading on Thursday morning.

SentinelOne Issues Lower Revenue Forecasts Amid Competition and Economic Uncertainty

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SentinelOne (S.N.) issued disappointing revenue forecasts for both the first quarter and the full year, citing challenges such as tough competition and reduced enterprise spending amid economic uncertainty. This led to a 16% drop in its shares after the market closed on Wednesday.

The cybersecurity company faces significant pricing pressure, particularly in the endpoint security market, where larger platform players like Palo Alto Networks (PANW.O) and CrowdStrike (CRWD.O) are offering deeper discounts. Analysts note that despite SentinelOne’s strong competitive positioning, the sector is feeling the strain of more aggressive pricing strategies. Additionally, economic challenges have led enterprises to curtail spending on cybersecurity solutions, focusing more on cost optimization.

Generative AI, while offering opportunities, has also opened the door for increased cyberattacks. The rise of malicious AI usage has made the cybersecurity industry more critical, with global cyberattacks becoming a significant threat. For example, X, the social media platform owned by Elon Musk, experienced intermittent outages earlier this week due to a powerful cyberattack. Similarly, a cyberattack on UnitedHealth Group‘s technology unit last year compromised the personal information of 190 million individuals, marking it as the largest healthcare data breach in the United States.

Despite these cybersecurity challenges, SentinelOne’s first-quarter revenue forecast was $228 million, below the Wall Street estimate of $235.1 million. For the full year, the company expects revenue between $1.01 billion and $1.012 billion, which is also below analysts’ average estimate of $1.03 billion.

In its most recent financial results for the fourth quarter ending January 31, SentinelOne reported $225.5 million in revenue, surpassing expectations of $222.3 million. The company’s adjusted profit per share for the quarter was 4 cents, exceeding the 1-cent estimate.