Microsoft Opposes China Ban

It's Benzinga, bringing Wall Street to Main Street. Microsoft is urging the Trump administration to abandon plans to ban Chinese imports of a key component used in AI data centers, according to Reuters. The proposed ban targets optical transceivers, which transmit data through fiber optic cables. U.S. officials fear the technology could allow Beijing to steal data, install malware, or disrupt operations. Microsoft and other tech companies warn the restrictions could slow U.S. data center development and weaken the country's AI advantage. China controls two-thirds of the global optical transceiver market, according to CounterPoint Research. U.S. manufacturers lack the capacity to replace Chinese suppliers. The Federal Communications Commission is considering a ban targeting newer models. Potentially giving U.S. manufacturers time to expand production. Microsoft declined to comment, while the White House, FCC, and Chinese embassy did not immediately respond to Reuters' requests for comment. For all things money, visit Benzinga.com.