US government revokes Intel and Qualcomm's licenses to export chips to Huawei
It was revealed on May 7, 2024 that the US government revoked chip export licenses held by Intel and Qualcomm to the Chinese telecommunications equipment manufacturer Huawei. This move was made following Huawei's announcement of its first AI PC,
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https://www.intc.com/filings-reports/all-sec-filings/content/0000050863-24-000086/intc-20240508.htm
US revokes Intel, Qualcomm's export licenses to sell to China's Huawei, sources say | Reuters
https://www.reuters.com/technology/us-revoked-some-export-licenses-chinas-huawei-2024-05-07/
US Revokes Intel, Qualcomm Licenses to Sell Chips to Huawei - Bloomberg
In 2019, the US government added Huawei to a trade restriction list designed to ban the sale of foreign products that pose information and communications risks due to concerns that the company was intercepting communications and sending them to servers in China .
Still, Huawei's suppliers have received billions of dollars' worth of licenses to sell Huawei products and technology, including one that allows Intel to export chips for Huawei laptops from 2020 onward.
Similarly, Qualcomm had been selling 4G chips to Huawei and licensing its portfolio of 5G technologies to Huawei since 2020. According to Qualcomm, the licensing agreement with Huawei expires in fiscal year 2025, and the company was in the midst of negotiating to renew the contract.
These licenses have allowed Huawei to launch several high-performance devices even under trade restrictions, including the smartphone Mate 60 Pro , which is said to be equipped with its own 5G technology. In April 2024, Huawei also announced its first AI PC, the MateBook X Pro, which is equipped with Intel's Meteor Lake generation processor.
Huawei announces 'MateBook X Pro' notebook PC equipped with Intel's 'Meteor Lake' processor - GIGAZINE
'I've always been concerned that Intel and Qualcomm were getting a little too close to China,' said Republican Rep. Michael McCaul, R-Fla., in a statement.
On May 7, 2024, the US government announced that it had revoked licenses from Intel and Qualcomm to export chips to Huawei. Republican Congresswoman Elise Stefanik said, 'This action will strengthen US national security while weakening the Chinese Communist Party's ability to advance technology.'
In response, Intel reported that it expects its second-quarter 2024 revenue to be below the midpoint of its previously estimated range of $12.5 billion to $13.5 billion. Qualcomm said it will continue to comply with all applicable export control regulations.
'We firmly oppose the US's excessive expansion of the concept of national security and its abusive use of export control regulations to suppress Chinese companies without legitimate reasons,' the Chinese Foreign Ministry said in a statement.
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