U.S. stops granting export licenses for China's Huawei: sources

The Biden administration has stopped approving licenses for U.S. companies to export most items to China's Huawei, according to people familiar with the matter.

Huawei has faced U.S. export restrictions around items for 5G and other technologies for several years, but officials in the U.S. Department of Commerce have granted licenses for some American firms to sell certain goods and technologies to the company. Qualcomm Inc (QCOM.O) in 2020 received permission to sell 4G smartphone chips to Huawei.

China has denounced the US for its protectionist moves.

(With inputs from agencies)