Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

The U.S. may approve licenses to sell Huawei products again

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Earlier, reports suggested that President Trump and Chinese President Xi Jinping had agreed to a truce to remove some curbs on Huawei Technologies Co. buying high-tech equipment from the U.S. Officials clarified that the Chinese tech giant would remain on the Entity List, but Trump would allow licenses to trade with the company under certain circumstances.

Now, according to Reuters, the U.S. may start approving licenses certain companies to start selling specific Chinese company’s Huawei products in the upcoming two or three weeks. The U.S. had banned most Huwaei products in May but can resume only if there is no security risk, according to Commerce Secretary Wilbur Ross.

The meeting between Trump and Chinese President announced American firms that could sell products to Huawei. The U.S. had agreed to put off additional tariffs on Chinese products indefinitely. While in response, China will start buying large amounts of American farm products.

“We’re going to work with China on where we left off to see if we can make a deal,” he said at a news conference. “I’m not rushed,” he said, calling the talks “intricate.” – Trump

Such an immediate decision between U.S. and China suggests chip industry lobbying. U.S. chipmakers would apply for more licenses as according to people who wanted to stay anonymous told Reuters. U.S. chipmakers include QCOM, +1.61% Intel Corp. INTC, +2.72%, and Micron Technology Inc. M.U., +2.37% have pushed sales to resume to the Chinese tech giant which bought $11 billion worth of U.S. component in 2018.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic