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Concerns over Chinese-made electronic devices and equipment are rising globally. Recent reports highlight potential security risks from spying chips in devices, cranes at US ports, and even UK military badges. Countries like Germany, the US, and Australia are taking steps to phase out or ban Chinese technology to safeguard national security.
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The chief executive had already stepped back from front-line duties to prepare for the Horizon IT inquiry.
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The US company says it will ask for court permission to start a sale process of the business.
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