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US Weighs Sanctions Against Huawei's Chip Network
The targeted companies include Qingdao Si'En, SwaySure and Shenzhen Pensun technology Co (PST), Bloomberg reported on Wednesday, citing people familiar with the matter.
These entities, most of which are either acquired or being built by Huawei, were accused of exploiting current loopholes in the US chip export restrictions.
Citing an analyst, the Bloomberg report said it's highly likely that more Chinese companies will be added to the US entity list. As of now, the US has not yet made any final decisions.
The report said the Biden administration is also considering imposing sanctions on ChangXin Memory Technologies Inc, Shenzhen Penguin High-Tech Co and SiCarrier Technologies.
While the US is seeking to strengthen its curbs against Huawei, many observers were puzzled by Washington's decision to allow Intel to ship a large quantity of chips to Huawei.
Citing two people familiar with the situation, Reuters reported on March 12 that Intel has survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei, which used them to make laptops and gain global market share.
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