SHENZHEN/TAIPEI -- The U.S. crackdown on Huawei Technologies may hinder the company's chip development efforts in the future, the Chinese tech giant said on Friday, acknowledging for the first time that it has lost access to the world's two top chip design tool providers.
Rotating Chairman Eric Xu said on Friday that Synopsys and Cadence, both of the U.S., have stopped providing chip design support to Huawei following the Chinese company's inclusion on Washington's so-called Entity List, which restricts its access to American technology.
