Huawei is one of their largest competitors in terms of 5G chipsets. Restrictions on Huawei would also likely help US companies like Apple, so this move would be a net positive.
Thank you for explaining. It’s weird because it seems the overall sentiment with this move is negative on Qualcomm; perhaps because of the short term loses.
Qualcomm did. China's antitrust body proceeded to fine them for 1B and forced them to offer reasonable IP licencing deal to local tech companies.