Geopolitics: US Places Huawei on the Entity List

In May 2019, the U.S. government added the Chinese enterprise giant Huawei and its affiliates to the Commerce Department's Entity List. This action restricted Huawei from purchasing US-made components and technology without government approval, causing massive disruption to its global supply chain, particularly regarding chips and software.

The event was a defining moment in the escalating U.S.-China technology competition, severely disrupting the supply chain for the global electronics and telecommunications future industry, and highlightingheir risks of geopolitical conflict to the global operations of world-renowned financial consortiums.