Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit
nytimesAUG 2023
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The launch of Huawei's new smartphone, powered by a cutting-edge new chip, is a game-changer that has spurred pride in China. It underscores the country’s capability to produce advanced semiconductor chips despite US-imposed restrictions.
Huawei and SMIC appear to have access to sophisticated tools they shouldn't have under current US government restrictions. The US must put additional pressure on these companies by placing additional export controls on them.