After sanctions, Huawei turning to businesses less reliant on high-end US tech

Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it said on Monday, citing U.S. sanctions that have reduced its access to high-end semiconductors. Huawei’s rotating chairman, Eric Xu, also said the company has “no expectation” of being removed from the U.S. Entity List, which has been used to limit the flow of U.S. technology and products to Huawei and others, under the administration of U.S. President Joe Biden.

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