News Snapshot:
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Keeping pace with earlier sanctions to stop American-origin semiconductor technologies from making their way to the Chinese military, the U.S. Department of Commerce has further restricted some chips that Intel and Qualcomm can supply to the Chinese technology firm Huawei. The new sanctions are in response to national security interests, according to a Department of Commerce spokesperson who spoke with the Financial Times, which also reported on the license revocations. U.S. sanctions against Huawei have focused on...