The United States has agreed to grant license applications worth hundreds of millions of dollars to supply chips to the blacklisted Chinese telecommunications company Huawei.
According to Reuters, Huawei, the world's largest maker of communications equipment, is subject to trade restrictions imposed by the Trump administration on the sale of chips and other components that go into network equipment and phone companies. smart. The Biden administration has strengthened its hard line on exports to Huawei, refusing to grant licenses to sell chips used in 5G devices to it.
But the landscape has changed a bit in recent weeks, and there is talk of the US administration already agreeing to grant licenses that would allow suppliers to sell chips for vehicle components such as video screens and sensors to Huawei.
The approvals come as the Chinese company is gearing its business towards elements less vulnerable to the US trade embargo. Chips for autonomous vehicles are generally not considered complex, which lowers the barrier of US refusal to restrict Huawei's access to goods, software, or technology for activities that may harm US national security and foreign policy interests.
Huawei has not commented on the licenses, and said its goal is to provide chips for smart vehicles and support automakers.
In addition, Huawei earlier reported the largest ever decline in revenue in the first half of 2021, after US restrictions prompted it to sell a large part of its previously dominant mobile business, before the company matured in new growth areas and is trying Investing in the $5 trillion auto market with great growth potential inside and outside China. (Reuters)
