Biden Administration Revokes Export Licenses for Chip Supply to Huawei
The Chip Supply Shake-Up: Biden Administration Halts Huawei Export Licenses
baona Qualcomm (NASDAQ:QCOM) and Intel (NASDAQ:INTC) took center stage on Tuesday following reports by the Financial Times indicating that the Biden administration has pulled the plug on export licenses allowing the two semiconductor giants to provide Chinese telecommunications company Huawei with processors. Both companies saw …