U.S. Financial Market Update – May 14 2025 U.S.-China Tech Tensions: Huawei and AI Chip RestrictionsThe U.S. Bureau of Industry and Security (BIS) has clarified that Huawei's usage of its in-house Ascend AI chips constitutes a violation of U.S. export regulations. AI chips, deemed vital to national security, remain at the center of global technological competition. Given Huawei’s prominent role ..