US starts granting and denying some Huawei supply licenses | Fin24

US starts granting and denying some Huawei supply licenses

Nov 21 2019 08:47
Jenny Leonard, Bloomberg

The United States Commerce Department has started approving some suppliers’ applications for licenses to do business with China's Huawei Technologies, partially reopening access to one of the biggest buyers of US technology.

"We've had 290-something requests for specific licenses," Commerce Secretary Wilbur Ross said in an interview with Fox Business Network late on Tuesday.

"We've now been starting to send out the 20-day intent-to-deny letters and some approvals."

In May, the US added Huawei to what is known as the entity list in an effort to block US companies from selling components to China's largest technology company, which it accuses of being a threat to America’s national security. Huawei has denied those claims.

The listing, which requires American firms to obtain a government license in order to sell to blacklisted firms, has hurt some US companies' earnings and caused confusion as to what their relationship with their Chinese customer will be going forward.

huawei  |  united states  |  licence


Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote