Skip to main content

US government to issue licenses to companies wanting to trade with Huawei



In the development of the Huawei-US trade tensions, the US Department of Commerce will begin issuing special licenses to companies that wish to keep their business ties with the Chinese tech giant. The news was confirmed by the head of the Commerce of Department Wilbur Ross at the Annual Security Conference on Export Controls and Security.
US government to issue licenses to companies wanting to trade with Huawei
Late last month at the G20 summit, US president Donald Trump confirmed American companies will continue to sell components to Huawei granted that they doesn’t pose a threat to national security. Later on it became clear that US companies would be allowed to sell widely available components which are sold in other markets while more sensitive equipment would remain off limits.
US government to issue licenses to companies wanting to trade with Huawei
Commerce Secretary Ross stated that the new licenses will still have to oblige the previously issued component availability confinements. Furthermore, he restated that the Commerce Department will only issue licenses after evaluating the potential of national security risks.
While Huawei will remain in the infamous Entity List, this is a positive step towards resuming normal operations and prevent large scale losses for both sides.
Source | Via

Labels:

Comments

Post a Comment

Popular posts from this blog

Whatsapp Admin

Whatsapp Admin       Facebook-owned WhatsApp is likely to give group administrators more powers where they will be able to restrict all other members from sending text messages, photographs, videos, GIFs, documents or voice messages in case the admin thinks so. According to WABetaInfo, a fan site that tests new WhatsApp features early, the popular mobile messaging platform has submitted the “Restricted Groups” setting via Google Play Beta Programme in the version 2.17.430. The “Restricted Groups” setting can only be activated by group admininstrators. Administrators can keep sharing media and chatting as normal as they restrict other members. Once restricted, other members will simply have to read their messages and will not be able to respond. They will have to use the “ Message Admin ” button to post a message or share media to the group. The message will need to be approved by the administrator before going through to the rest of the group. “A group can be restricted ...
Post a Comment
Read more

Amazon India Celebrates Fifth Anniversary by Giving Cashback; CEO Jeff Bezos Says Humbled by Opportunities Ahead

Amazon is celebrating its fifth anniversary in India The company is giving a cashback worth Rs. 250 CEO Jeff Bezos posted a letter addressing Indian customers Celebrating its fifth anniversary in India,  Amazon  is giving Amazon Pay cashback worth Rs. 250 to customers spending Rs. 1,000 or more on its online marketplace. CEO  Jeff Bezos  posted a letter on the Amazon India site to announce the new offer. The Seattle, Washington-based company launched the online marketplace in the country back in June 2013. After the initial success of the online marketplace, the company brought the Amazon Prime paid subscription service, Amazon Prime Video, Alexa voice assistant, and Amazon Music. The arch-rival of Walmart-backed Flipkart is reported to have a valuation of $16 billion (nearly Rs. 1,07,000 crores) with a market share of 30 percent - identical to the share owned by the homegrown e-commerce company. ...
Post a Comment
Read more
Samsung Galaxy S9 bears a 5.8-inch display Samsung Galaxy S9+ bears dual rear camera setup Both will be available starting March 16 Galaxy S9  and  Galaxy S9+  have been unveiled ahead of the  Mobile World Congress (MWC) 2018  in Barcelona on Sunday. The new Samsung Galaxy S9 series smartphones feature improved cameras with variable aperture sensor on the primary rear camera, and the Galaxy S9+ sports dual rear camera setup. Other new features on the handsets include face recognition and AR Emojis, Bixby Vision, AKG-tuned dual speakers, reduced bezels on the top and bottom, and faster processors. As for the release, Galaxy S9 and Galaxy S9+ launch date is March 16 in select markets, and pre-orders will begin in the US on March 2. The two handsets will be available in Midnight Black, Coral Blue, Lilac Purple, and Titanium Grey colours. Samsung Galaxy S9 and Galaxy S9 price The Samsung Galaxy S9 price in the US starts at $719.99 (roughly ...
Post a Comment
Read more