Yeah companies should be held guilty unless proven otherwise. Of course you can never actually prove anything, so they are all guilty by default. /s
Both might be fundamentally evil or being, but they aren't different in danger based solely on how white they are.
And yes an American company in cahoots with the government having the ability to snoop on traffic and turn entire networks off, while bad, is nowhere near as bad as a Chinese one having the exact same capability.
Obviously this particular one isn't in non-Intel equipment, but...