Robert Besser
04 Feb 2023, 13:40 GMT+10
WASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's Huawei.
While officials in the U.S. Department of Commerce have granted licenses for some American firms to sell certain goods and technologies, Huawei has faced US export restrictions involving items for 5G and other technologies for several years.
In 2020, Qualcomm received permission to sell 4G smartphone chips to Huawei.
Huawei and Qualcomm declined to comment on the report, which was earlier reported by Bloomberg and the Financial Times.
"China opposes the US abusing an overly broad notion of national security to suppress Chinese firms unreasonably," Chinese foreign ministry spokesperson Mao Ning said during a press conference in Beijing this week.
The US move "goes against the principles of the market economy and rules of international trade and finance, hurts the confidence the international community has in the US business environment and is blatant technological hegemony," Mao added.
In 2019, Huawei was placed on a US trade blacklist in 2019, restricting most US companies from supplying it with goods and technologies, unless granted approval.
US officials have continued to tighten controls, in an effort to stop Huawei from buying or designing the semiconductor chips used in most of its products.
In December, Huawei said its overall revenue was some $91.53 billion, slightly lower than in 2021 when US sanctions caused its sales to decline by some 30 percent.
Get a daily dose of Dublin News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.
More InformationLONDON, England: During a Bloomberg conference held in London this week, Luke Ellis, CEO of hedge fund Man Group, said ...
NEW YORK, New York - Wall Street jumped on Friday, although gains were modest after bank shares in Europe came ...
LOS ANGELES, California: Some 30,000 education workers in Los Angeles, backed by teachers, went on a three-day strike, canceling school ...
LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe ...
WASHINGTON D.C.: The US Commerce Department has proposed new laws aimed at preventing China and other countries deemed of concern ...
NEW YORK, New York - As concerns over the banking sector eased, U.S. stocks moved moderately higher on Thursday, but ...
DUBLIN, Ireland: Local authorities throughout Ireland are set to spend 350 million euros to house the country's homeless in 2023, ...
LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe ...
DUBLIN, Ireland: Ireland's life expectancy has seen the greatest gains among all EU nations, according to one of the country's ...
PARIS, France: Amidst the mass deaths of dolphins and porpoises in recent years, France's highest administrative body has ordered the ...
BRUSSELS, Belgium: While chairing a meeting of EU foreign and defense ministers in Brussels this week, European Union (EU) foreign ...
DUBLIN, Ireland: Ireland's Department of Justice has acknowledged that it would arrest Russian President Vladimir Putin on charges of war ...