U.S. cracks down on global chip exports to Huawei, China retaliation eyed

May 15, 2020 admin Business News Comments Off on U.S. cracks down on global chip exports to Huawei, China retaliation eyed

The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.

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Source:: Reuters – Business News