Last updated on December 8th, 2022 at 02:32 pm
Qualcomm awaits licensing required to resume trading with Huawei
In recent weeks, more and more companies have been getting US approval to resume business with Chinese telecommunications giant Huawei. The world’s largest chipmaker Qualcomm has confirmed that the company has applied for a license that will allow it to supply products to Huawei.
This information was provided by Qualcomm CEO Steven Mollenkopf, who confirmed the application, but noted that it has not yet been approved.
In recent weeks, companies such as Intel, AMD, Samsung Display, and Sony, among others, have received US government approval to resume doing business with Huawei. This is an important development for the Chinese company, which currently continues to explore options for keeping its business afloat following the systematic expansion of US government sanctions.
More than 300 companies have reportedly applied for a special license from the US government to continue doing business with Huawei. Approximately a third of the companies have received approval from the authorities and can already resume cooperation with the Chinese manufacturer.
It is also known that the US allows the supply of components for Huawei if they are not used in the company’s 5G business. In addition to Qualcomm, South Korean Samsung Electronics and other companies are currently awaiting licenses from the US government.
