That’s how much the U.S. Senate plans to set aside to fund 5G technology innovation in America.
It’s an attempt to support America’s best 5G tech stocks.
One “Trump-approved” stock could surge 562% – thanks to millions in government contracts.
One Chinese company named Huawei is the world’s #1 telecom company. And in places like France and Germany the Chinese giant will be installing the new 5G network.
However, the U.S. realizes that IF Huawei installs 5G in America . . .
It could give the Chinese government access to EVERYTHING. And that means China could spy on government officials and steal intellectual property from American companies.
That’s why President Trump signed this executive order – blocking China from supplying technologies for America’s new 5G network.
“We are not going to do business with Huawei. … And I really made the decision. It’s much simpler not doing any business with Huawei,” commented President Trump.
It’s not just Trump. Democrats and Republicans on Capitol Hill are introducing bills to assure America’s leadership with 5G technology.
A new bill was introduced yesterday by a bipartisan group of Senators. And it would spend $1 billion to fund research and development of new 5G technologies.
That’s $1 billion for these American 5G stocks.
Democrat Senator Mark Warner explained, “Every month that the U.S. does nothing, Huawei stands poised to become the cheapest, fastest, most ubiquitous global provider of 5G, while U.S. and Western companies and workers lose out on market share and jobs.”
Meanwhile, Republican Senator Marco Rubio was also a co-sponsor of the bill on 5G technology. He commented, “We cannot allow Chinese state-directed telecommunications companies to surpass American competitors.”
5G is the biggest technology development of the decade. And 5G technology will increase the speed of wireless connections by 10x – 100x.
That’s why it’s crucial that America’s tech companies lead on this important innovation.
Today’s 5G Profit Briefing reveals everything you’ll need to know.
Just click here for complete access (it’s FREE).
Yours in Profits,