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3/27, 1:42 AM (Source: TeleTrader)
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US advances with new restrictions on Huawei - report

The United States government has proceeded with applying new restrictions on China's Huawei Technologies, seeking to cut it off from one of its main semiconductors suppliers, The Wall Street Journal reported on Thursday.

According to people familiar with the matter, top Trump administration officials agreed to move forward with a proposal to hinder the production of the Chinese technology giant.

The rule, if voted, would require Taiwan Semiconductor Manufacturing to possess a license for export to mainland China, meaning the US Commerce Department would be able to block the semiconductors sale, potentially impairing Huawei's production.

Breaking the News / ND