Attorney General William Barr said China’s superiority in the development of 5G networks poses a threat to the U.S. economy and national security, The New York Times reported Thursday.
“Our economic future is at stake,” Barr said Thursday in his speech at a conference in Washington. “The risk of losing the 5G struggle with China should vastly outweigh other considerations.”
He said Chinese telecommunications firms Huawei and ZTE represent approximately 40 percent of the 5G infrastructure market worldwide and that a consortium of U.S. companies might offer financial support to one or two telecom firms to make them more competitive in the 5G market.
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