March 29, 2024
Daily News
Commerce Dept. tightens screws on Huawei with semiconductor move, extends TGL perhaps for last time
The Commerce Department today announced new restrictions aimed at blocking Huawei’s use of U.S. software and technology in manufacturing semiconductors in third countries, and issued what officials said will be the final 90-day extension of the Temporary General License for U.S. companies to do business with Huawei.
A senior Commerce official on a press call said the Bureau of Industry and Security is amending its foreign direct product rule to inhibit Huawei’s ability to use U.S. technology to make chips....