Huawei Chip Supply in Jeopardy: US Revokes Licenses – What Does This Mean?
Washington, D.C. – The United States has recently revoked several export licenses for companies that supply China’s Huawei with essential components, a move that could have significant implications for the global tech industry. This decision comes amidst ongoing tensions between the US and China over national security concerns and trade disputes. The US Department of Commerce has taken action to restrict the supply of certain chips to Huawei, a major Chinese telecommunications equipment manufacturer. This …