Huawei may get an okay to resume US operations
The Trump administration might begin approving sure U.S. firms to promote their products to China’s Huawei Applied sciences Co. in as quickly as two weeks, Reuters reported Sunday. U.S. chipmakers, together with Qualcomm Inc.QCOM, +1.61% Intel Corp. INTC, +2.72%, and Micron Expertise Inc.MU, +2.37% has reportedly pushed to resume sales to the Chinese tech giant, which purchased about $11 billion value of U.S. parts in 2018. The U.S. banned most sales to Huawei in May, but Commerce Secretary Wilbur Ross has lately said sales licenses will be issued in cases the place there is no national safety risk. Reuters reported licenses will possible be issued on a case-by-case basis, starting within the next two to four weeks.