The Trump Administration’s War on Huawei Could Hurt These 3 Stocks
Chinese tech giant Huawei, one of the world's leading manufacturers of telecom equipment, networking hardware, and smartphones, has been repeatedly slammed by the Trump administration's trade war against China.
Last year, the U.S. Department of Commerce placed Huawei on an "Entity List," a group of firms that American companies cannot offer their technologies to without a special license. Earlier this year, it expanded that licensing requirement to all non-U.S. chipmakers that use American chipmaking equipment, intellectual property, and design software.
The U.S. wanted to cut off Huawei's access to American technologies for three reasons: It wanted to throttle Huawei's progress in the 5G market, remain ahead of China in the semiconductor market, and limit Huawei's overseas reach due to national security concerns.
Source Fool.com
