US Revokes Intel, Qualcomm Licenses to Sell Chips to Huawei
- Move marks escalation of curbs against Chinese phone maker
- Intel said the ban would impact its second quarter revenue
WATCH: Bloomberg has learned that the US has revoked licenses allowing Huawei to buy semiconductors from Qualcomm and Intel.
Source: BloombergThis article is for subscribers only.
The US has revoked licenses allowing Huawei Technologies Co. to buy semiconductors from Qualcomm Inc. and Intel Corp., according to people familiar with the matter, further tightening export restrictions against the Chinese telecom equipment maker.
The decision will affect sales of chips for use in Huawei phones and laptops, according to the people, who discussed the move on condition of anonymity. House Foreign Affairs Committee Chairman Michael McCaul confirmed the administration’s decision in an interview Tuesday. He said the move is key to preventing China from developing advanced artificial intelligence.