It seems like a nightmare for Huawei’s consumer chief Richard Yu. Back in 2016, he said that would overtake and Samsung to become the world’s largest smartphone manufacturer by 2021. Sure enough, earlier this year . But exactly one year to the day that the U.S. put Huawei on the Entity List blocking it from doing business with U.S. firms, the U.S. made an important change to its export rules and banned foundries using American sourced tech from shipping chips to Huawei without a license. The U.S. said this was all being done for security purposes.
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