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Bloomberg
China said new US export restrictions targeting companies including Huawei Technologies Co. may threaten the global supply chain.
Beijing opposes the new US rules and will take all necessary measures to defend rights and interests of Chinese companies, the Ministry of Commerce said. It urged the US to help create conditions for normal trade and cooperation
between enterprises.
The US moved to prevent sales to Shenzhen-based Huawei by chipmakers using American technology. The Commerce Department said it would require licenses before allowing US equipment to be used by Chinese company or its 114 subsidiaries, including its chip-design unit HiSilicon.
The move is designed to inhibit Huawei from producing and designing its own chips, a senior department official said. US officials accused Huawei of being a security threat tied to the Beijing government, an allegation the company denies.
The new rules require any foreign chipmaker that uses American gear to get a license before they can sell to companies on a US blacklist.