That followed complaints suppliers would lose billions of dollars in annual sales. companies to allow them to sell less-advanced chips and other technology to Huawei that was deemed not to be a security risk. The Commerce Department agreed to grant export licenses to U.S. The company sold its low-end Honor smartphone brand to revive sales by separating it from the sanctions on its corporate parent. processor chips and music, maps and other services from Alphabet Inc.’s Google unit crippled Huawei’s smartphone business. action against its companies but often does nothing. Beijing has made similar declarations after past U.S. Mao said Beijing would “defend the legitimate rights” of its companies but gave no indication how the government might respond. “Such practices are contrary to the principles of market economy” and are “blatant technological hegemony,” Mao said. She accused Washington of “over-stretching the concept of national security and abusing state power” to suppress Chinese competitors. “China is gravely concerned about the reports,” said a foreign ministry spokeswoman, Mao Ning. officials say Huawei is a security risk and might facilitate Chinese spying, an accusation the company denies. Huawei Technologies Ltd., China’s first global tech brand, is at the center of conflict between Washington and Beijing over technology and security. The company, which makes network equipment and smartphones, was allowed to buy some less-advanced components. The possible move, reported by Bloomberg News, The Financial Times and The Wall Street Journal, would tighten restrictions imposed in 2019 that limit Huawei’s access to processor chips and other technology.
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