The trade tit for tat between the US and China continues. Reuters is reporting that the U.S. Treasury Department is planning to block firms with Chinese ownership from buying US companies with “industrially significant technology.” ZTE is apparently close to revealing its new-look board in an effort to comply with US demands, while senators are asking President Donald Trump to keep the ban on the company in place.

Furthermore, Huawei rotating CEO Eric Xu called Congressman Jim Banks and Senator Marco Rubio “quite closed-minded and ill-informed” after they called for an inquiry into whether the company steals American research through partnerships with universities.

Read the rest of this week’s tech news roundup here.

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