The Biden administration has revoked export licenses that previously allowed major American semiconductor manufacturers, Intel Corp. (NASDAQ:INTC) and Qualcomm Inc. (NASDAQ:QCOM), to supply essential chips to Huawei. This decision, as confirmed by the Commerce Department to the Financial Times on Tuesday, marks a pivotal escalation in the U.S. strategy to curb the technological ascent of the Chinese telecommunications equipment powerhouse. National Security Concerns At The Forefront This regulatory crackdown follows persistent concerns voiced by U.S. national security officials regarding Huawei's involvement in facilitating cyber espionage activities, allegations that Huawei consistently denies. The tightening of restrictions also responds to pressures from Republican lawmakers who have advocated for a more stringent approach toward the Chinese ...