Washington ends export licenses for supplying China's Huawei

Robert Besser
04 Feb 2023, 13:40 GMT+10

The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's Huawei
Huawei has faced US export restrictions involving items for 5G and other technologies for several years
In 2020, Qualcomm received permission to sell 4G smartphone chips to Huawei

WASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's Huawei.

While officials in the U.S. Department of Commerce have granted licenses for some American firms to sell certain goods and technologies, Huawei has faced US export restrictions involving items for 5G and other technologies for several years.

In 2020, Qualcomm received permission to sell 4G smartphone chips to Huawei.

Huawei and Qualcomm declined to comment on the report, which was earlier reported by Bloomberg and the Financial Times.

"China opposes the US abusing an overly broad notion of national security to suppress Chinese firms unreasonably," Chinese foreign ministry spokesperson Mao Ning said during a press conference in Beijing this week.

The US move "goes against the principles of the market economy and rules of international trade and finance, hurts the confidence the international community has in the US business environment and is blatant technological hegemony," Mao added.

In 2019, Huawei was placed on a US trade blacklist in 2019, restricting most US companies from supplying it with goods and technologies, unless granted approval.

US officials have continued to tighten controls, in an effort to stop Huawei from buying or designing the semiconductor chips used in most of its products.

In December, Huawei said its overall revenue was some $91.53 billion, slightly lower than in 2021 when US sanctions caused its sales to decline by some 30 percent.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.

More Information

17 ℃

Fair in Beijing/Capital

Business

Section

Closing of SVB Bank causes fall in deposits in small US banks

NEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the ...

Ford EVs will lose $3 billion pretax in 2023, says officials

DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle ...

Hundreds of workers to be fired at Walmart's US fulfillment centers

BENTON, Arkansas: Reuters reported that due to a reduction or elimination in evening and weekend shifts, Walmart will lay off ...

Russian car buyers slowly learning to buy Chinese cars

MOSCOW, Russia: As western automakers have left Russia since the start of the Ukraine war, the Chinese have rushed in ...

Tottering Virgin space business receives $200 million from investor

LONDON, England: Reuters has reported that struggling Virgin Orbit, owned by billionaire Richard Branson, is nearing a $200-million investment deal ...

EV charger plants slowing down due to 'Made In America' rules

NEW YORK CITY, New York: To comply with the requirements of the "Made in America" laws, a $7.5 billion federal ...

China

Section