Huawei says ‘survival’ at stake after US chip restrictions

Shenzhen (China) (AFP) – Huawei on Monday assailed the latest US move to cut it off from semiconductor suppliers as a “pernicious” attack that will put the Chinese technology giant in “survival” mode and sow chaos in the global technology sector.The Commerce Department said on Friday it was tightening sanctions on Huawei — seen by Washington as a security risk — to include denying it access to semiconductor designs developed using US software and technology.”The decision was arbitrary and pernicious and threatens to undermine the entire (technology) industry worldwide,” Huawei said in a stat…

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