US cuts off semiconductor shipments to Huawei, China vows to retaliate

The US threw a one-two punch at China’s rising tech power by blocking global chip supplies to telecom firm Huawei while helping a Taiwanese semiconductor producer open a next-generation plant in Arizona.China responded to the US’s escalation by threatening a series of countermeasures through its state-run news agency, including putting US companies like Apple, Qualcomm and Cisco on an “unreliable entity list”.