Signal: Huawei wants to boost exports as tech regulation tops concerns.
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Huawei aims to increase smartphone shipments to 70 million units by 2024, according to industry insiders.
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Huawei has requested Qualcomm, its only US 4G chip supplier, to speed up shipments due to fears of further US export controls.
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The US Science and CHIPs Act has placed tighter constraints on Huawei's presence abroad.
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The Biden administration has implemented a blanket ban on US investment in Chinese companies involved in "sensitive technologies" for national security reasons.
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The Chinese government has urged the US to reconsider the ban and its use of national security as a motive.
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Tech regulation, particularly between the US and China, has become a common topic in news coverage due to an ongoing trade dispute.
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The US is concerned about potential economic and military implications, leading to legislation against Chinese companies like Huawei.
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Huawei was placed on the US entity list, requiring US companies to apply for licenses to work with them.
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The US legislation against China is driven by concerns over weakening chip leadership.
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