US Commerce Department revokes export licenses for US companies to sell chips to Huawei, tightening export restrictions.
The US Commerce Department has revoked export licenses allowing companies like Qualcomm and Intel to sell chips to China's Huawei, further tightening export restrictions against the leading high-tech firm. The move comes after Huawei released its first AI-enabled laptop, which drew criticism from US lawmakers. This action aims to protect US national security, hinder Huawei's revenue, and limit China's advanced AI development.
May 07, 2024
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