Categories: Mobile Phone

US firms may get nod to restart Huawei sales in 2-4 weeks

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.

Huawei, the world’s largest telecommunications equipment maker, was added to a Commerce Department list in May that prohibits US companies from supplying it with new American-made goods and services unless they obtain licenses that will likely be denied.

But late last month, after meeting with Chinese president Xi Jinping, President Donald Trump announced American firms could sell products to Huawei. And in recent days, Commerce Secretary Wilbur Ross said licenses would be issued where there is no threat to national security.

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.

Two US chipmakers who supply Huawei told Reuters in recent days they would apply for more licenses after Ross’s comments. They asked to remain anonymous.

A customer response management company and a firm that simulates cross-sectional radar for Huawei are also likely to file applications in the coming days, according to Craig Ridgley, a trade compliance consultant in Washington.

Out of $70 billion that Huawei spent buying components in2018, some $11 billion went to U.S. firms including Qualcomm, Intel and Micron Technology.

“Since there’s no downside, companies are absolutely submitting applications, as required by the regulations,” said Washington lawyer Kevin Wolf, a former Commerce Department official.

A Huawei spokesman said “the Entity list restrictions should be removed altogether, rather than have temporary licenses applied for US vendors. Huawei has been found guilty of no relevant wrongdoing and represents no cybersecurity risk to any country so the restrictions are unmerited.”

Tech and Teen

Recent Posts

Meghna Bank Announced the Inauguration of Centre for Excellence

Recently, Meghna Bank PLC. proudly announced the inauguration of Centre for Excellence - a dedicated…

18 hours ago

Robi Holds 29th Annual General Meeting

Mobile network operator Robi Axiata PLC. held its 29th Annual General Meeting (AGM) today, Monday,…

19 hours ago

Grand Launch of ELF Lubricants and Chery’s Premium SUVs in Bangladesh

Asian Petroleum Limited, the official distributor of ELF Lubricants and Asian Motorspex Limited, the official…

19 hours ago

BYD starts delivering SEALION 6 in Bangladesh

Offering a seamless driving experience, exceptional balance of performance, fuel efficiency, and intelligent features, BYD…

19 hours ago

NASA Congratulates Bangladesh on Artemis Accords, Praises Young Innovators

The Government of Bangladesh has recently signed the Artemis Accords—an important international agreement on space…

2 days ago

realme launches C75x: The ultra-waterproof smartphone under Tk 18,000 in Bangladesh

Youth-favourite consumer technology brand realme today launched its latest smartphone realme C75x in Bangladesh. The…

2 days ago