The Trump administration may start approving certain U.S. companies to sell their products to China's Huawei Technologies Co. in as soon as two weeks, Reuters reported Sunday (Qualcomm Inc. (QCOM), Intel Corp. (INTC) and Micron Technology Inc. (MU), have reportedly pushed to resume sales to the Chinese tech giant, which bought about $11 billion worth of U.S. components in 2018. The U.S. banned most sales to Huawei in May, but Commerce Secretary Wilbur Ross has recently said sales licenses will be issued in cases where there is no national security risk. Reuters reported licenses will likely be issued on a case-by-case basis, starting in the next two to four weeks.). U.S. chipmakers, including
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(END) Dow Jones Newswires
July 14, 2019 20:11 ET (00:11 GMT)
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