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00:00Just talk to us about why, why, why we're really trying to shut off any supplies from U.S. manufacturers too wildly. This is all about isolating walkway. This is a company that for years the US, U.S. presidents, U.S. federal government has singled out walkway as being a potential source of a threat to to our national security. There's concerns about what happens with the equipment that we buy from walkway. There's concerns about us enabling wall way to become a bigger and more powerful player with with the components that U.S. companies sell to walk away. This would be yet another step by the Biden administration to isolate Wall Way to cut it off from vital U.S. supplies. There's a hardening of stance on debate and even for what it was under President Trump said President Trump put Wally on the entity less, but you could get licenses to do business. Which U.S. names are impacted by all of this because there are U.S. tech companies doing business with far away or at least looking for exceptions. That's right. A lot of the business that we do with U.S. business to do with what we had already been cut off, but there were still some exceptions. For instance, Intel and Qualcomm to the companies that would be affected by this move, those two companies still sell Intel, sells chips for laptops that are made by Wall Away and Qualcomm sells chips that are used in some of the iPhone. Some of the phones excuse me, the phones that always sells. So you were still having some U.S. companies do business with Wall Way. This is an instant this is an example of the Biden administration being under tremendous pressure from Republicans in Congress to stay tough on China and not show signs of letting up, not show anything that the Republicans consider to be a sign of weakness. And notably, Tom, of course, this is going international in terms of the administration looking to the Netherlands, to Japan. That was last week story, wasn't it, trying to get other countries to put similar tough stances on China. You can't do this alone, even though the U.S. is a major leader in chip making capabilities, technologies. You can't do it alone because an XP, for example, from the Netherlands sells. Some should make equipment into China that is highly specialized, highly, very technical and very lucrative for an XP. And it's a technology that you just cannot replicate easily. China certainly can't do it. So the U.S. cannot fully isolate China. And remember, the U.S. wants to make it hard for China to become a powerhouse in chip making capabilities. This is something that the Chinese have been have fallen behind, been behind the US for time immemorial. They have made it a commitment. They have made a commitment to spending the money that it takes to become a leader in ship making technology. And the U.S. is saying no way to that.

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Biden Team Weighs Cutting Off Huawei From US Suppliers

Bloomberg Technology Executive Editor Tom Giles joins Caroline Hyde and Ed Ludlow to discuss the Biden administration considering cutting off Huawei from all of its American suppliers, including Intel and Qualcomm. (Source: Bloomberg)

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