US revokes licenses for supply of chips to China’s Huawei
The US has revoked export licenses for US companies that supply chips to Chinese telecoms equipment maker Huawei, a move that could cut off Huawei from vital components.
The decision is a major blow to Huawei, which is already under pressure from US sanctions and is a sign of escalating tensions between the US and China over technology.
Huawei has said it will "take all necessary measures" to protect its interests and has called on the US to reverse its decision.
Impact on Huawei
The US move is a major blow to Huawei, which is the world's largest telecoms equipment maker and a leading smartphone manufacturer.
The company relies on US companies for a significant portion of its chips, and the revocation of export licenses could cut off Huawei from vital components.
This could have a major impact on Huawei's business, as it would be unable to produce new smartphones and other devices.
Impact on US-China relations
The US decision to revoke export licenses for Huawei is a sign of escalating tensions between the US and China over technology.
The US has been increasingly concerned about Huawei's ties to the Chinese government and has accused the company of posing a security risk.
The Chinese government has condemned the US decision, saying that it is "unfair" and "will damage global trade".
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