The Biden administration this week amended licences for companies to sell to China’s Huawei Technologies, further restricting companies from supplying items that can be used with 5G devices, sources said.
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The Biden administration will soon have to settle a bitcoin fight it didn’t even start, and its decision could have far-reaching implications for the cryptocurrency industry.
China has pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the US.
The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of US strategy towards Asia.
For US politicians, China’s potential to dominate cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades. President Xi Jinping is similarly worried the US will block China’s rise.
Huawei has taken the wraps off its latest high-end foldable smartphone, hoping to stake out a place in a fast-expanding category despite dwindling expectations that the US will roll back sanctions anytime soon.
Semiconductor firms are seeking extra time to appeal last-minute Trump administration moves to block sales to China’s Huawei, hoping the Biden administration will reverse course.
Huawei Technologies’ founder said on Tuesday he was confident that the Biden administration would bear in mind US business interests when forming its policy towards the Chinese technology giant.
US President Joe Biden’s nominee for commerce secretary, Gina Raimondo, said she knows of “no reason” why Huawei Technologies and other Chinese companies shouldn’t remain on a restricted trade list.
The Biden administration will work to safeguard American telecommunications networks from “untrusted vendors” like Huawei Technologies that threaten national security, the White House said.