US Moves to Cut Off Huawei From Global Chip Suppliers
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China.The U.S. Commerce Department said it was amending an export rule to "strategically target Huawei's acquisition of semiconductors that are the direct product of certain U.S. software and technology."The reaction from China was swift with a report saying it was ready to put U.S. companies on an "unreliable entity list," as part of countermeasures in response to the new limits on Huawei, FILE - A security personnel stands near the logo of Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) during an investor conference in Taipei, July 16, 2014.The rule change is a blow to Huawei, the world's No. 2 smartphone maker, as well as to Taiwan's Taiwan…