(Yicai Global) May 18 -- Chinese telecoms giant Huawei Technologies will find a way round the latest bout of long-term, uncertain US sanctions, rotating Chairman Guo Ping said today.

On May 15, the United States extended its trade ban on Huawei, imposed last May due to alleged national security concerns, to include semiconductors not only made in the US but also those manufactured in other countries using US software and technology.

The move is likely to inflict great damage on the Shenzhen-based firm’s global supply chain. Companies must apply for US approval before supplying Huawei and its chip unit HiSilicon, the US Department of Commerce said.

US suppression of Huawei will not only affect the firm, but will also hurt consumers who use its products and services, Guo said at an analysts’ meeting.

The company said it strongly objects to the change in rules that only targets Huawei. It will have a serious impact on related industries around the world. In the long run, it will destroy the trust on which global cooperation in industries such as chips is based. Conflicts and losses within the industry will be further intensified, Huawei added.

The dividing of standards and industry chains will not benefit either party and will have a serious impact on the entire industry, Guo said. The sector should work together and continue to strengthen the protection of intellectual property rights, maintain market fairness, ensure a unified global standard system and a coordinated supply chain system, he added.

Meanwhile, Taiwan Semiconductor Manufacturing, which makes chips for Huawei, has stopped accepting new orders from the firm following the latest sanction, Japanese financial news outlet the Nikkei reported.

TSMC does not disclose customer order details, the company told Yicai Global. TSMC has always complied with laws and regulations and is evaluating the impact of the new export control measures, the Hsinchu-based firm said.

Editors: Chen Juan, Kim Taylor