China’s Huawei Blames U.S. For Global Chip Shortage

Just around the time Joe Biden was concluding a meeting with more than a dozen CEOs on Monday addressing the global chip shortage that has snarled supply chains and brought high-tech industries to a stop (a meeting in which he offered $50 billion for semiconductor manufacturing and research), China’s Huawei Technologies – which has been stockpiling chips at an unprecedented pace for the past 4 years – blamed the U.S. for the chip crunch rocking the global tech industry, saying Washington’s sanctions against Chinese companies have spurred panic buying of semiconductors and other supplies.

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