New export controls could cut off Huawei from U.S. suppliers
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The battle over silicon continues as the U.S. considers cutting off Chinese telecoms equipment giant Huawei from all of its American suppliers.
The battle over silicon continues as the U.S. considers cutting off Chinese telecoms equipment giant Huawei from all of its American suppliers. While the firm has been blacklisted for several years - over national security concerns and to limit the country's technological advances - certain goods were allowed to be sold to the company. For example, Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) received permission to sell 4G smartphone chips to Huawei in 2020 (after heavy lobbying efforts), though for others like Broadcom (NASDAQ:AVGO), the bans have wiped out large amounts of revenue. Additional items that may now be in the crosshairs include artificial intelligence, Wifi 6 and 7, and high-performance cloud and computing products.
Additional items that may now be in the crosshairs include artificial intelligence, Wi-Fi 6 and 7, and high-performance cloud and computing products.