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US government spends $1.5 billion on domestic 5G equipment production

News Snapshot:

The US administration has announced a new $1.5 billion plan to replace Huawei and ZTE 5G telecom gear with equipment made in the United States. This is a part of a bigger plan to ditch Chinese equipment from the US telecom network. Huawei and ZTE are producing the most affordable 5G equipment, and many countries are waiting to buy their gear. In the United States, however, both companies are blacklisted due to their suspicious relationship with the Chinese government. FCC has also killed the Huawei and ZTE dream of returning to the US market. The US government is allocating $1.9…

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