U.S. Huawei Restrictions Could Shoot American Companies In The Foot As Foreign Rivals Develop Tech Alternatives
Moves to stop Huawei from using U.S. technology or software to make semiconductors abroad were announced last Friday by the commerce department, which placed the Chinese firm on a trade blacklist last May over national security concerns. Under the new rules, chip makers using U.S. equipment are now required to have a license before shipping components to Huawei or any of its subsidiaries, disrupting its ability to obtain vital components for its phones, laptops and smart-devices....