US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks – senior US official
The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company could move forward quickly.
Trump’s reversal, and rapid implementation by the Commerce Department, suggests chip industry lobbying, coupled with Chinese political pressure, may well reignite US technology sales to Huawei. Out of $70 billion that Huawei spent buying components in 2018, some $11 billion went to US firms including Qualcomm, Intel and Micron Technology.
US companies can currently sell goods in order to maintain existing networks and provide software updates to existing Huawei handsets, but are prohibited from making new sales of American-made goods and services. The US semiconductor industry has been lobbying for broader relief, arguing that US security goals should be advanced in a way that does not undermine the ability to compete globally and retain technological leadership. Suppliers want to be allowed to provide customer service support for chips they build and sell overseas, or the approval to ship new American-made equipment to Huawei and its subsidiaries around the world.
The person, who did not want to be identified, said the official did not delineate the criteria for license approvals, but she came away believing they would be made on a case-by-case basis, at least at first, as the agency seeks to form more broad opinions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: U.S. firms may get nod to restart Huawei sales in two-four weeks - officialThe U.S. may approve licenses for companies to re-start new sales to Huawei in a...
Read more »
Exclusive: Walmart told U.S. government India e-commerce rules regressive, warned of trade impactEXCLUSIVE: Walmart told the U.S. government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed by AdityaKalra
Read more »
Huawei Plans Extensive Layoffs in the U.S.Huawei Technologies is planning extensive job cuts at its U.S. operations as the Chinese technology giant continues to struggle with its American blacklisting.
Read more »
Huawei staff share deep links with Chinese military, new study claimsA new analysis of employment information of Huawei personnel appears to show deep links between the tech giant and China's military and intelligence bodies. Huawei called the study 'speculative.'
Read more »
Watch the US Coast Guard board a narco-sub carrying 17,000 pounds of cocaineThe US Coast Guard released a video on Thursday that showed exactly how one might intercept a fast-moving narco-sub on the high seas -- netting more than 17,000 pounds of cocaine in the process.
Read more »