The US's crackdown on exports to Huawei now includes even stronger restrictions than it has already faced. The Financial Times reports that Intel and Qualcomm have had their Huawei export licenses revoked, so Huawei will no longer be able to buy chips from either company.

The U.S. has revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said.

The move is expected to impact chip sales by Intel and Qualcomm to Huawei’s smartphone and laptop business lines.

House Foreign Affairs Committee Chairman Michael McCaul said the move is key to preventing China from developing advanced artificial intelligence.

Intel said its sales would take a hit on Wednesday after the U.S. revoked some of the chipmaker's export licenses for China, in a move Beijing complained was going too far in the name of national security.