Nvidia and Qualcomm could be hurt by U.S. plan to block more exports to Huawei

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Nvidia and Qualcomm could be hurt by U.S. plan to block more exports to Huawei
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The U.S. is reportedly looking to block Huawei from receiving more supplies from the U.S. which will impact Nvidia, Qualcomm, and others.

, Nvidia's plans to do business with the company could be blocked by the Biden administration's plans to tighten the restrictions that have been placed on the Chinese company. In 2019, Huawei was placed on the U.S. Commerce Department's entity list which limits the supplies that Huawei can import from the United States.While Huawei still receives billions in supplies from U.S. firms, it no longer has access towhich forced the company to develop its own HarmonyOS operating system.

The official said that the department"would not have approved of the report in its current form." It also said the government"has written and contracted multiple reports on this subject, based on different contingencies, which arrive at very different conclusions."

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