U.S. Escalates Tech Tensions, Revokes Intel and Qualcomm's Licenses to Supply Huawei

The Biden administration intensifies restrictions on Huawei, citing national security concerns and technological competition with China.

The U.S. Commerce Department has revoked export licenses for Intel and Qualcomm, blocking them from supplying chips to Huawei.
This move targets Huawei's use of advanced chips in smartphones and laptops, aiming to curb China's technological advancements.
Intel and Qualcomm's shares fluctuated following the announcement, reflecting market uncertainty over the impact of these restrictions.
China has criticized the U.S. actions as economic coercion, threatening to take measures to protect its companies.
The revocations come amid broader U.S. efforts to limit China's access to high-end semiconductor technology and AI capabilities.