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HomeBusinessA final parting blow by the Trump administration

A final parting blow by the Trump administration

Delivering on a parting blow to Huawei, it has been claimed that the Trump administration has actually informed chipmaker Intel as well as other suppliers that it is going to revoke previously granted licenses and also intends to reject dozens of others that shall of course seek to sell tech to the Chinese manufacturer.

In accordance to an email seen by Reuters, the Semiconductor Industry Association proceeded on to claim on Friday that the Commerce Department had actually issued “intents to deny a significant number of license requests for exports to Huawei and a revocation of at least one previously issued license.” However, recently, sources have also gone on to claim that at least eight licenses were being repealed from four existing companies.

Moreover, the email noted that the US governments actions span a “broad range” of products with respect to the semiconductor industry. Some licenses apparently awaited for “many months” and were only actually being denied now, just before President Trump leaves office.

While the Commerce Department wasn’t exactly too forthcoming in acknowledging the development directly, but did tell Reuters that it continues to work with agencies so as to “consistently” apply licensing rules that go on and protect “US national security and foreign policy interests.”

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Before the latest sanction was implemented, there were around 150 licenses that were actually said to be pending for $120 billion worth of technology and goods. Of these, a large number have reportedly been denied, while eight others were revoked so as to maintain consistency with the licensing rules in place.

A source confirmed to Reuters that yet another $280 billion worth of licensing applications for Huawei have still yet not been processed.

All in all, Huawei’s suppliers have actually been on the receiving end of the intent to deny notices and reportedly have 20 days to respond. The department of commerce has 45 days so as to issue any changes to the decision, or the denials end up being final. Companies on the other hand have another 45 days to appeal the final decision.

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