Huawei says 'survival' at stake after US chip restrictions

Huawei on Monday assailed the latest US move to cut it off from semiconductor suppliers as a "pernicious" attack that will put the Chinese technology giant in "survival" mode and sow chaos in the global technology sector. The Commerce Department said on Friday it was tightening sanctions on Huawei -- seen by Washington as a security risk -- to include denying it access to semiconductor designs developed using US software and technology. "The decision was arbitrary and pernicious and threatens to undermine the entire (technology) industry worldwide," Huawei said in a statement.

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