THE WALL STREET JOURNAL
BUSINESS
U.S. Moving Forward With Rule to Limit Chips to Huawei
Proposal would require export license for many chips shipped to Huawei that are produced by U.S.-designed chip-making tools
By Bob Davis and
Katy Stech Ferek
Updated March 26, 2020 10:53 pm ET
WASHINGTON—The Trump administration is moving ahead with new restrictions aimed at cutting off Chinese telecom-equipment maker Huawei Technologies Co. from one of its main suppliers of advanced semiconductors, according to people familiar with the situation.
At a meeting on Wednesday, top cabinet officials agreed to advance a proposal to hobble Huawei, according to these people. The U.S. alleges Huawei gear could be used by Beijing to spy globally, which Huawei has repeatedly denied.
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READ MORE: https://www.wsj.com/articles/u-s-moving-forward-with-rule-to-limit-chips-to-huawei-11585261519?mod=hp_lead_pos7
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