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US government to give 90-day trade license extension to Huawei

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The tech industry was shaken up after the United States government banned Huawei from doing business with some of the top manufacturers from the said country. This is due to the ongoing trade wars between the US and China.

Both presidents from US and China made a temporary truce, which again allowed Huawei to do business with US brands like Qualcomm and Intel for a limited time.

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The temporary lift of the ban has just recently ended. But, as per the US Commerce Department, Huawei’s trade license will be extended for another 90 days.

Hopefully, both countries will find a way to patch up their trade disputes. US President Donald Trump and China’s Xi Jinping are expected to meet this week to further discuss, and hopefully, resolve the issue.

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As per Wilbur Ross, US Commerce Department secretary, there were more than 50 US companies have asked their permission to sell products to Huawei, just in this past three months.

Huawei spent a whopping USD70 billion in outsourcing components back in 2018, with USD11 billion of it spent in the US. That’s over 15% of Huawei’s components expenditure going to US companies.

See also: Huawei holds Battery Replacement Event for only Php799

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The Chinese tech giant resorts to brands like Intel, Qualcomm, and Micron for the memory chips used in their smartphone and telecommunication equipment business.

But, Huawei has already taken some preemptive steps in case things come to worse. For one, the company introduced its own HarmonyOS, a substitute to Android, in an event that Google is forced to end their ties with them.

Source: Reuters

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