News of Note—SoftBank’s profits, TSMC’s virus, the DOJ’s reported view on competition and more

News of note

Here are the stories we’re following today:

> According to a new report, Democrats running for office have been told not to use devices from Huawei and ZTE because they pose a security risk. Reuters article

> A computer virus affected some of the machines in TSMC’s manufacturing plans, and as a result the smartphone component maker cut its quarterly revenue target. MWL article

> Sprint parent SoftBank reported a major jump in profits due in part to its Vision Fund investments. Reuters article

> On his HBO show, John Oliver took aim at the company’s new corporate parent AT&T. Hollywood Reporter article

> A new report predicts that prices for high-end smartphones will continue to rise. Cnet article

> According to a new report citing an unnamed source, the Department of Justice now believes three wireless carriers are sufficient for a competitive wireless market. New York Post article

> Operators like AT&T, Comcast, Orange and Verizon will drive the smart-home market to $11.2 billion by 2022, according to ABI Research. Release