Wilbur Ross, U.S. Secretary of Commerce, announced that restrictions on the export of U.S. technology to Huawei begin on Friday.
Earlier, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, confirmed that Huawei and its affiliates have been added to the Bureau’s Entity List. The reason given is that "Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interest."
For companies on...