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Huawei's business could take another hits as the Trump administration seeks to restrict the Chinese telecom giant's global chip supply. Senior US government officials have agreed to new rules to cut off Huawei from global chip suppliers, according to a Reuters report Thursday, citing sources familiar with the matter. Under the new measures, foreign companies that use American chipmaking equipment would first need to secure a license before supplying some chips to Huawei, the report says. The focus of the new rules is to restrict the sale of more sophisticated chips to the Chinese telecom giant rather than generic, more widely available chips. Coronavirus Updates. The US has long alleged th... Full story

27 March