US Congress wants to impose stricter sanctions on Huawei and SMIC due to possible violations of export restrictions

The US Congress has proposed a law that would allow it to impose stricter sanctions on Huawei, SMIC and subsidiaries of both companies, X user Revegnus discovered. This would also mean putting such companies on the Entity List (if they were not already) and revoking all existing licenses to trade with the US. Honor, a Huawei brand, could get into trouble as a result. Congress chooses…