The US government recently extended Huawei’s trade license for another 45 days. To date, this is the fourth time the Chinese tech conglomerate got an extension.
The rationale behind this, according to the US Department of Commerce, is to give time for US telcos and companies who rely on Huawei’s equipment to look for alternatives.
The license extension will be in effect for 45 days. The US government will decide whether to give another extension after this one expires. Previously, Huawei was granted a 90-day extension that allowed them to do business with American companies.
Huawei is currently caught in the middle of a trade dispute between the United States and China. The tech conglomerate found itself on a US trade blacklist on the grounds of national security concerns.
Since then, many companies and consumers have been adversely affected by the ban. In 2018, Huawei has spent over USD 11 billion on American chip companies such as Intel, Qualcomm and Micron Technologies. Recently, Huawei is pushing their own AppGallery after losing access to Google services.