From CNBC: 2024-06-25 05:37:34

Cisco is expanding business with Chinese electric car companies in their global expansion. Chinese automakers are investing in local factories despite escalating trade tensions. Cisco working with at least 10 electric car customers. Analysts unsure about the spending. Cisco facing challenges in China market due to national security concerns and U.S.-China trade war impact. Cisco optimistic about returning to growth in China, focusing on state-owned and non-state-owned businesses. Cisco benefits from Chinese internet companies and ability to connect GPU providers. Total revenue fell by 13% in latest quarterly report, but Asia-Pacific remains highest growth area for Cisco.

Read more: Cisco is ‘very optimistic’ about its growing business with China EVs