Approaching the end of April, two major events occurred in the international science and technology community.
First was the 20 billion USD financing round from East Asia Communications for SubCom, which shocked the entire North American market.
No one expected that the communications giant SubCom, who once occupied more than 40% of the submarine optical cable market, would publicly announce their surrender.
What people also did not expect was that the U.S Department of Commerce actually approved this financing plan. They allowed a Chinese communications company to get their hands dirty on an American company.
Even the loan for the financing round was from an American bank.