The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China. The U.S. Commerce Department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.” The department added the “announcement cuts off Huawei’s efforts to undermine U.S. export controls.” …read more
Source:: Yahoo Finance
