Huawei and ZTE face stricter US restrictions - NewsBreak

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By Megansoto in Business
Updated 2 years ago

Although Huawei's mobile business has learned to survive without Google, Qualcomm, and some of the usual pieces that have come from the US, the company's profits don't revolve only around smartphones. It's arguable that its biggest revenues might actually come from networking technology and hardware, like those used by Internet service providers or ISPs. That has always hung in the balance ever since the US and its allies started pushing Huawei out of their networks. Now the Biden administration has just imposed an even bigger limitation on Huawei, ZTE, and other suspected companies that will practically keep them out of the country completely.

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