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The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns.
The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. QCOM 0.09%increase; green up pointing triangleand Intel Corp., INTC 0.12%increase; green up pointing triangle which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.
The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. QCOM 0.09%increase; green up pointing triangleand Intel Corp., INTC 0.12%increase; green up pointing triangle which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.
WSJ News Exclusive | Huawei Export Licenses Could Be Revoked by U.S.
Chip companies say restrictions on products supplied to the Chinese telecom will deny the U.S. industry revenue for research.
www.wsj.com