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US vs. Huawei: Existing Licenses Will Be Revoked, New Licenses Will Not Be Approved
In the last days of Donald Trump’s rule, US policy towards the Chinese company Huawei Technologies reaches its maximum degree of rejection. Pending licenses for cooperation with Huawei are unlikely to be approved, and some of the existing ones will even be revoked. Intel’s interests will be affected.
Image source: Reuters
Last year, sanctions against Huawei were imposed by the US authorities in two stages. Companies around the world were required to obtain licenses from relevant US departments to trade with Huawei, the August stage of sanctions meant that many previously obtained licenses were invalidated and required re-approval.
According to Reuters, which is partially confirmed in statements by the SIA, the US authorities will revoke eight licenses already issued to four companies that allowed them to cooperate with Huawei. Kioxia and Intel are mentioned among the victims, although neither side gives official comments on this topic. Companies whose interests have been affected by the new wave of restrictions can challenge this decision within more than three months.
According to the primary source, about 150 licenses were pending consideration by the relevant US departments until the latest events, but now the bulk of the applications will be considered with a negative result. In aggregate, the restrictions will affect trade in the amount of $ 120 to $ 400 million, according to various estimates.