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U.S. Announces New Curbs on Huawei Access to U.S. Technology

  • All chip companies working for Huawei are subject to licenses
  • Assemblers using Huawei chips will need to apply for a license
Bloomberg business news
Watch: The U.S. is adding additional restrictions on Huawei aimed at cutting its access to commercially available chips. (Source: Bloomberg)
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The Commerce Department announced further restrictions on Huawei Technologies Co. aimed at cutting the Chinese company’s access to commercially available chips, the latest move in an increasingly tense relationship between the world’s two biggest economies.

The changes, which the department announced in a written statement on Monday, build on restrictions announced in May, adding 38 Huawei affiliates in 21 countries to an economic blacklist as the U.S. seeks to limit adoption of the company’s 5G technology.