Significance
This escalates Washington’s attempts to prevent Chinese leadership in 5G telecommunications and presents Beijing with a huge challenge. It threatens to accelerate the ‘decoupling’ of the telecommunications equipment industry.
Impacts
Huawei is one of the largest chip buyers in the world, so US chip manufacturers may face significant loss of income.
A race is underway between China’s efforts to upgrade indigenously and the growing obsolescence of its existing systems.
If Huawei cannot service infrastructure overseas, customers will turn to costlier alternatives and may blame Washington for this expense.
Beijing may be exercising restraint because of the US election, hoping a Biden presidency would relax some of the most aggressive measures.
Radiology and Medical Diagnostic Imaging
