FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo

BEIJING/HONG KONG (Reuters) – China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei.

The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.

China will firmly defend its companies’ legal rights, the foreign ministry said in a statement in response to Reuters’ questions on whether Beijing would take retaliatory measures against the United States.

Reporting by Pei Li and Ryan Woo; Editing by Sam Holmes

You May Also Like
Samsung Galaxy S25 Series Could Reportedly Arrive With Exynos 2500 Chip, as Samsung Attempts to Improve Yield

Samsung Galaxy S25 Series Could Reportedly Arrive With Exynos 2500 Chip, as Samsung Attempts to Improve Yield

Samsung Galaxy S25 series could be equipped with an Exynos 2500 chipset…

As gaming sales slump, China’s Tencent signals a hot ad trend it’s betting on

In this article 700-HK Tencent runs the ubiquitous Chinese messaging app WeChat.…
Sam Bankman-Fried found guilty on all seven criminal fraud counts

Sam Bankman-Fried found guilty on all seven criminal fraud counts

A jury has found Sam Bankman-Fried guilty of all seven criminal counts…

Nvidia shares set to open at record high after big earnings beat

In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO…