US blamed for global chip shortage and rising electronics prices | WHAT REALLY HAPPENED

US blamed for global chip shortage and rising electronics prices

Huawei Technologies blamed the U.S. for a chip shortage that shook the global industry, saying Washington’s sanctions against Chinese companies sparked panic purchases of semiconductors and other materials.

Due to the US sanctions against Huawei, we have witnessed a panic build-up of stocks among global companies, especially Chinese ones. In the past, companies had little to no stockpiling, but now they are stockpiling for three or six months. This caused the entire system to malfunction.

Chairman of the Board Eric Xu

The US has placed Huawei and other Chinese tech companies on trade blacklists that restrict their access to US technology, citing national security risks.

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