By Evette Mitkov
Publication Date: 2026-01-14 19:34:00
Broadcom Inc (NASDAQ:AVGO) shares taking a dive on Wednesday after reports surfaced declaring that Chinese regulators have told local companies to stop using cybersecurity software from about a dozen U.S. and Israeli firms over national‑security concerns.
China Moves To Block U.S. And Israeli Cybersecurity Vendors
According to Reuters, Chinese authorities recently instructed domestic firms to phase out software from several foreign cybersecurity providers. The list includes U.S. companies such as Broadcom‑owned VMware, Palo Alto Networks Inc (NASDAQ:PANW) and Fortinet Inc (NASDAQ:FTNT), along with Israel’s Check Point Software Technologies Ltd (NASDAQ:CHKP).
The notice went out in the past few days, though it’s unclear how many companies received it. Sources told Reuters that officials are worried the software could potentially collect or send sensitive data outside the country. They asked not to be identified because of the sensitivity of the situation.
The move comes as the U.S….