US Restricts Foreign-Made Routers Amid Cybersecurity Concerns, Boosting Netgear Shares

Netgear shares rose 11% after the US FCC updated its list of equipment deemed insufficiently secure, adding all consumer-grade routers manufactured abroad to the restrictions. The move effectively bars new router models made outside the US from being approved for import, marketing, or sale without additional scrutiny. Consumers can still use foreign-made routers they already own, but new devices must obtain conditional approval and disclose foreign ownership or plans to shift manufacturing to the US.