Huawei May Get Another 90-day Extension to its Temporary Trade License

As we already know that the US had banned Huawei back in May this year. However, the company got a temporary permit a few days later. The permit allowed Huawei to trade with the US companies for more 90 days, that is going to end today. However now, as per reported by Reuters, the US Commerce Department will most likely extend the Huawei trade license for another three months.

We hope this time the US and China will manage to reach a permanent solution. However, none of the sides commented on this matter yet. But President Donald Trump and Xi Jinping may discuss the future of Huawei later this week.

US Commerce Department will most likely extend the Huawei trade license for another three months

According to Commerce Secretary Wilbur Ross, more than 50 companies applied special licenses to distribute to Huawei in the past three months. Out of $70 billion that Huawei spent for components in 2018, around $11 billion went to US companies like Qualcomm, Intel, and Micron, mostly for memory chips for its smartphones and 5G antennas.

Recommended Reading: Huawei US Ban- A Story of Pride, Jealousy and 5G Race

Source: GSMArena

Onsa Mustafa

Onsa is a Software Engineer and a tech blogger focuses on innovation in technology. She likes music, photography, traveling and exploring nature.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker