Exclusive-U.S. approves licenses for Huawei to buy auto chips - sources
By Karen Freifeld
(Reuters) - U.S. officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.
Huawei, the world's largest telecommunications equipment maker, has been hobbled by trade restrictions https://ift.tt/3B4iDbS imposed by the Trump administration on the sale of chips and other components used in its network gear and smartphones businesses. The Biden administration has been reinforcing the hard line https://ift.tt/3yew1Zn on exports to Huawei, denying licenses to sell chips to Huawei for use in or with 5g devices.
But in recent weeks and months, people familiar with the application process told Reuters the U.S. has granted licenses authorizing suppliers to sell chips to Huawei for such vehicle components as video screens and sensors. The approvals come as ...
Read More on Datafloq
(Reuters) - U.S. officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.
Huawei, the world's largest telecommunications equipment maker, has been hobbled by trade restrictions https://ift.tt/3B4iDbS imposed by the Trump administration on the sale of chips and other components used in its network gear and smartphones businesses. The Biden administration has been reinforcing the hard line https://ift.tt/3yew1Zn on exports to Huawei, denying licenses to sell chips to Huawei for use in or with 5g devices.
But in recent weeks and months, people familiar with the application process told Reuters the U.S. has granted licenses authorizing suppliers to sell chips to Huawei for such vehicle components as video screens and sensors. The approvals come as ...
Read More on Datafloq
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