U.S. Revokes Licenses to Export Chips to Huawei, FT Reports
--The Biden administration has revoked licenses that allow tech companies such as Qualcomm and Intel to supply Huawei with chips, the Financial Times reports, citing people familiar with the situation.
--The commerce department confirmed to FT it had revoked certain licenses but didn't say which companies would be affected.
--The revoked export licenses will affect the Chinese telecoms company's supply of chips for laptops and mobile phones, the people said.
--Qualcomm didn't immediately respond to a request for comment from FT, and Intel declined to comment.
Full article at https://www.ft.com/content/cf965960-b083-49ee-bae1-6ce95fe872a3
Write to ben.glickman@wsj.com; @benglickman
(END) Dow Jones Newswires
May 07, 2024 15:55 ET (19:55 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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