Senior officials in the Trump administration agreed to new measures to restrict the global supply of chips to China’s Huawei Technologies, sources familiar with the matter said, as the White House ramps up criticism of China over coronavirus.
US Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from US Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd.
Samsung, the world’s biggest maker of memory chips, has seen earnings drop since late 2018 as a weak global economy curbed spending by data center customers.
Meng Wanzhou’s legal team has contested her extradition in the Canadian courts on the grounds that the United States is using her extradition for economic and political gain.
The Trump administration on Monday issued a new 90-day extension allowing US companies to continue doing business with China’s Huawei Technologies Co Ltd as US regulators continue crafting rules on telecommunications firms that pose national security risks.