The bill currently awaits passage in the US House of Representatives has dispelled any illusion that the 46th American president would unwind the policies of his predecessor Donald Trump, according to South China Morning Post (SCMP).
Further complicating matters is Huawei's founder Ren Zhengfei, whose eldest daughter Meng Wanzhou has been awaiting extradition in Vancouver to face trial in the US since 2018. In February, Ren acknowledged that it would be "extremely difficult to remove Huawei from the entity list".
Huawei, a closely held company that has been reporting its financial results since 2000, posted its weakest annual revenue growth in a decade last year.
"Given that the US intends to restrict Huawei's development in high-end areas such as 5G... the probability of the US lifting its ban on smartphone chips for Huawei in the short term is scant," said Arisa Liu, a chip industry analyst with the Taiwan Institute of Economic Research.
US' efforts to cut one of China's biggest tech companies down to size has only added to Beijing's urgency in seeking self-sufficiency in an array of strategic technologies, such as semiconductors, SCMP reported.
Serving over a third of the world's population, Huawei was accused by US officials of being a national ..
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