China has denounced the US’s latest moves to curb Huawei’s access to commercially available chips, the latest blow in an increasingly tense relationship between the world’s two biggest economies.
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A new US edict limiting Huawei’s access to technology is more than just an incremental measure against the Chinese giant. It threatens to kill the company, which invites retaliation from Beijing.
Ramped-up US restrictions on Huawei are likely to cut off the Chinese smartphone maker’s access to even off-the-shelf chips and disrupt the global tech supply chain once again, executives and experts cautioned.
The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips.
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Huawei Technologies will stop making its flagship Kirin microchips next month, financial magazine Caixin said on Saturday, as the impact of US pressure on the Chinese tech giant grows.
Samsung Electronics unveiled its latest Galaxy Note smartphone on Wednesday hoping to regain ground against rivals Huawei and Apple as the smartphone market begins to recover from its Covid-19 slump.
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