The US government has revoked a number of export licenses for supplies to Huawei. The move announced by the Commerce Ministry on Tuesday affects companies that supply the Chinese mobile phone and laptop manufacturer with chips. According to an insider, some of them were told on the same day that the repeal would take effect immediately. There was initially no statement from Huawei.
In 2019, the US placed the company on a list of companies subject to trade restrictions. The reason for this was the fear that the company could conduct espionage against American citizens for the government in Beijing. Huawei has denied the allegations.
The US is also trying to make it harder for China to access high technology in general. However, last month Huawei launched its first artificial intelligence (AI) laptop, powered by an Intel processor.
Republican members of Congress reacted angrily, suspecting that the Commerce Department had licensed Intel. An Intel spokesperson declined to comment. Huawei also buys chips from Qualcomm.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
