Beijing (PingWest)- The Trump administration has notified Intel Corp, and other tech companies that it is revoking licenses to do business with China’s Huawei Technologies and intends to reject other application to supply Huawei, Reuters reported, citing source familiar with the matter.
The latest move against Chinese tech companies comes just days ahead of Trump’s departure from the White House and Democrat Joe Biden will take the oath of office as president on Wednesday.
Citing sources familiar with the situation, who spoke on condition of anonymity, Reuters reported eight licenses have been revoked from four companies and cited a Friday email from the Semiconductor Industry Association indicating the Commerce Department’s intents to “deny a significant number of license requests for export to Huawei.”
Before the latest action, Reuter reported that roughly 150 licences were pending for USD120 billion worth of goods and technology, which had been delayed because various US agencies could not agree on whether they should be granted.
The United States put Huawei on a blacklist” in May 2019, citing national security concerns, restricting suppliers from selling US goods and technology to the company.
It is unclear if the incoming Biden administration will continue the restrictions against Chinese tech companies or not.