BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

US revokes licences for sales of some chips to China’s Huawei

May 8, 2024
in Business
Reading Time: 2 mins read
A A
0
US revokes licences for sales of some chips to China’s Huawei
ShareShareShareShareShare

The US government says it has revoked some licences that allowed US chip makers to export certain goods to Chinese technology giant Huawei.

The Department of Commerce did not specify which permits were cancelled but the move follows Huawei’s release of an AI-enabled computer powered by a chip created by Intel.

US-based chip maker Intel declined to comment to a request for comment from BBC News. The BBC has also contacted Huawei and chip giant Qualcomm for responses to the announcement.

Since 2019, the US has restricted technology exports, such as computer chips, to Huawei, citing alleged ties to the Chinese military.

“We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a statement on Tuesday, but did not give details of which permits had been withdrawn.

Some US lawmakers had criticised the administration of President Joe Biden following the launch last month of Huawei’s MateBook X Pro laptop.

“Make no mistake, the Biden Administration would not have taken this action if Republicans in Congress were not holding them accountable,” said Republican Congresswoman Elise Stefanik in a social media post.

Huawei has been hit hard by US trade restrictions but more recently appeared to mount a comeback.

The Chinese company has enjoyed a resurgence particularly after the launch of the Mate 60 Pro smartphone in August.

In 2019, during the presidency of Donald Trump, US officials added Huawei to a so-called “entity list.”

It means that US companies need to obtain a licence from the government to export or transfer some technologies, especially over concerns that they will be used by the Chinese military.

However, in that time licences have been granted to some US companies, including Intel and Qualcomm, to supply Huawei with technology that was not related to 5G.

The US has imposed restrictions on several Chinese technology firms in recent years, as tensions between the world’s two biggest economies intensified.

Earlier this month President Biden signed a law that could ban the video app TikTok in the country unless it is sold by its Chinese parent company. TikTok filed a lawsuit on Tuesday to block the legislation.

Beijing has condemned Washington’s moves against its companies, describing them as ‘economic bullying’.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Silver Lake targets ‘bigger bets’ as it raises its largest fund

Next Post

Tesla sends former Asia head back to China as Shanghai-made EV deliveries slump 18%

Next Post
Tesla sends former Asia head back to China as Shanghai-made EV deliveries slump 18%

Tesla sends former Asia head back to China as Shanghai-made EV deliveries slump 18%

Ethereum Price Prediction: BlackRock Drives ETH Ahead of BTC in ETF Inflows

Ethereum Price Prediction: BlackRock Drives ETH Ahead of BTC in ETF Inflows

July 16, 2026
The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months

The ‘facade’ of the U.S.-Iran ceasefire crumbles after after largest round of fighting in months

July 12, 2026
Pokémon Go at 10 and the millions still trying to catch ’em all

Pokémon Go at 10 and the millions still trying to catch ’em all

July 13, 2026
Behind the multiple in accounting firms

Behind the multiple in accounting firms

July 14, 2026
XRP Price Prediction: Key Metrics Point to a Crash

XRP Price Prediction: Key Metrics Point to a Crash

July 14, 2026
ChatGPT AI Predicts This Exact Bitcoin Price by the End of 2026, and It’s Insane

ChatGPT AI Predicts This Exact Bitcoin Price by the End of 2026, and It’s Insane

July 18, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Nvidia and Apple get a cut of every baby’s ,000 Trump Account

Nvidia and Apple get a cut of every baby’s $1,000 Trump Account

July 19, 2026
How Maga fell hard for the gender binary

How Maga fell hard for the gender binary

July 19, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!