The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies. The decision would impact chips and devices with 4G and 5G capabilities. The administration previously hinted that it would not grant new export licenses to Qualcomm and Intel, and the new action would take that a step further by revoking existing licenses. This would impact U.S. chip-makers, who argue that restrictions would harm domestic research and development.