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U.S companies may get licenses to restart sales to Huawei in two to four weeks

By Cookie Monster - on 16 Jul 2019, 1:00am

U.S companies may get licenses to restart sales to Huawei in two to four weeks

The U.S government may grant licenses for companies to resume sales to Huawei in the coming weeks. 

A senior U.S official reportedly told a manufacturer's representative that licenses could be granted in two to four weeks although the criteria for license approvals is not defined properly. It is believed that license approval would be done on a case-by-case basis. A Commerce Department spokesperson shared that the agency is “currently evaluating all licenses and determining what is in the nation’s best national security interest.”

During the G20 summit, U.S President Trump stated that U.S companies can continue to sell their goods to Huawei. Days later, U.S Commerce Secretary Wilbur Ross clarified that the government will "issue licenses where there is no threat to U.S national security" and Huawei is still on the export blacklist. 

The reversal in policy seems to suggest that there is a high level of lobbying by the chip industry and political pressure from the Chinese government. Two U.S chipmakers said that they would apply for more licenses while other U.S suppliers plan to get more clarity at a conference the Commerce Department will hold later this week.

Source: Reuters

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