Trump administration has informed chipmaker Intel and other suppliers today, that it is revoked previously granted licenses and intends to reject dozens other that seek to sell tech to the Chinese company.
According to Reuters report, the Semiconductor Industry Association noted that the Commerce Department had issued “intents to deny a significant number of license requests for exports to Huawei and a revocation of at least one previously issued license.
Moreover, a source confirmed to Reuters that another $280 billion worth of license applications for Huawei have still not been processed. In contrast, Huawei suppliers have 20 days to respond. The Department of Commerce has 45 days to issue any changes to the decision, or the denials become final. Companies will have another 45 days to appeal the final decision.
On other hand, Huawei has ramped up efforts to plug the gap in its semiconductor supply chain. According to a recent Nikkei Asia report, the company is talking to several Chinese chip makers for possible investments.
Noteworthy, Trump targeted Huawei in other ways. Meng Wanzhou, Huawei's chief financial officer, was arrested in Canada on December 2018, on a U.S. warrant. Meng, the daughter of the firm's founder. Then, the company itself were indicted for misleading banks about its business in Iran.
Later, US banned the firm from participating in its 5G infrastructure development as well as the U.S. telecom providers with existing ZTE equipment will be required to rip and replace them basing on new rules issued by the FCC. In addition, the US government are set to support a $1.9 billion program that will provide funding to remove telecom network equipment which the government has classified as posing a national security risk.
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