Under the new measures, foreign companies that use American chipmaking equipment would first need to secure a license before supplying some chips to Huawei, the report says. The focus of the new rules is to restrict the sale of more sophisticated chips to the Chinese telecom giant rather than generic, more widely available chips.
The US has long alleged that Huawei maintains a tight relationship with the Chinese government, creating fear that equipment from these manufacturers could be used to spy on other countries and companies. The Commerce Department blacklisted Huawei following a May executive order from President Donald Trump that effectively banned the company from US communications networks. Huawei and ZTE deny that their gear can be used for spying.
Trump hasn’t signed off on the proposed new measures yet, but if he does, a slew of US tech companies stand to lose, like Apple and Qualcomm along with Huawei. It could also negatively impact the world’s largest chipmaker, Taiwan’s TSMC, the report says.
Huawei declined to comment on the proposal.
- The Human Face Of Energy Reinvention: Why Tech Alone Can’t Save The Industry – Forbes
- Amazon And Tech Are Leading NYC’s Office Recovery – Forbes
- What the Tech? App of the day: Lichess | What The Tech? | wfmz.com – WFMZ Allentown
- Biden Putting Tech, Not Troops, at Core of U.S.-China Policy – Bloomberg
- Tech Square Ventures Adds Vasant Kamath as General Partner – PRNewswire
- These tech stocks could be hit even harder if rates continue to rise, says Goldman Sachs – CNBC
- Get live feedback on your pitch deck from tech leaders on Extra Crunch Live – Yahoo Tech
- College basketball rankings: Oklahoma State, Texas Tech are on the rise in the first Power 36 of March – NCAA.com
- Tech Tips to Help Score a Covid-19 Vaccine Appointment at CVS, Rite Aid, Walgreens and More – The Wall Street Journal