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Huawei criticizes ‘pernicious’ US chip restrictions, says it threatens global economy

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Chinese technology giant company, Huawei has criticized the recent move by the United States to impose restrictions that cut it off from semiconductor (chips) suppliers as a “pernicious” attack that will sow confusion in the universal technology sector and other industries.

You will recall that the Commerce Department had on Friday said that it was tightening sanctions on Huawei seen by Washington as a security risk to contain limitations from access to semiconductor (chips) designs produced using US software and technology.

The company had withheld immediate comment, but came out swinging on Monday.

Huawei spokesman said“The decision was arbitrary and pernicious and threatens to undermine the entire technology industry worldwide.

Huawei, which has for the most part worn an increasing 18-month campaign by the Trump administration to isolate it internationally, said its business will surely be affected by the new American salvo.

Chinese technology giant company said it will impact the expansion, maintenance, and nonstop operations of networks worth hundreds of billions of dollars that they have rolled out in more than 170 countries.

The statement which was issued during an annual summit of technology analysts organized at its headquarters in the southern Chinese city of Shenzhen added that the decision by the United States government does not just affect Huawei.

The company also added that “It will have a serious impact on a wide number of global industries” by creating indecision in the chip sector and technology supply chains.

Huawei Officials said the company has been avoiding sanctions by getting chips and components that are created around the world based on United States technology.

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