U.S. toughens export controls on Huawei over chip supplies

The U.S. Commerce Department on Friday took new steps aimed at blocking global semiconductor supplies to Huawei Technologies Co., ratcheting up the pressure on the already blacklisted Chinese telecom-equipment giant that is seen as a threat to U.S. national security.The department said the new rules restrict "Huawei's ability to use U.S. technology and software to design and manufacture its semiconductors abroad." Foreign companies that use U.S. chip-making equipment will be required to obtain a U.S. license before supplying certain items to Huawei."This announcement cuts off Huawei's effor…READ FULL ARTICLE