09:01 AM EDT, 07/02/2024 (MT Newswires) -- The Biden administration has revoked eight licenses this year that allowed companies to ship goods to Huawei, China's telecoms equipment giant, Reuters reported Tuesday, citing a document it has seen.

The Commerce Department did not specify the names of suppliers, but licenses for Qualcomm ( QCOM ) and Intel ( INTC ) were among those revoked, Reuters previously reported.

Huawei, Qualcomm ( QCOM ) and Intel ( INTC ) did not immediately reply to separate requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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