Hong Kong (CNN Business) The United States has cut off Huawei's access to vital, advanced computer chips , striking a deadly blow to the Chinese tech champion. Washington has long alleged, without providing proof, that Huawei products threaten national security because they could be used to spy on Americans. Huawei has repeatedly denied that its gear and products pose a national security risk. Other US tech companies could also become collateral damage in Washington's campaign against Huawei, according to Triolo, of Eurasia Group. "China firmly opposes the deliberate smear and suppression of Huawei and other Chinese companies by the United States," Zhao Lijian, a spokesperson for China's Foreign Ministry, told reporters.

Source: CNN August 18, 2020 02:33 UTC