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

Comments

Popular posts from this blog

A Company Will Pay You Rs 69,000 ($1000) to Binge Watch All MCU Movies Before Avengers Endgame Releases

Avengers: Endgame  is slated to release next month on 26th April. As the release date draws near Marvel fans are about to go on a binge-watching spree of every movie from the cinematic universe before the final movie hits the screens. But did you know that this regular-activity of a die-hard fan can actually pay? And not just pay, but pay well: $1000 or INR 69,170.   A website, called  CableTv.com   is offering  the money to fans for binge watching the movie. "Do you have the endurance of Iron Man? The tenacity of Captain America? The leisure time of Ant-Man? Then CableTV.com has a mission for you: watch all 20 previously released Marvel Cinematic Universe (MCU) movies back-to-back, leading up to the highly anticipated 2019 premiere of Avengers: Endgame," the offer reads.   And turns out, it's not just the monetary that will be handed over to the fan who wins. "Tons of MCU prizes for bingeing 40+ hours of superhero action," wil...

Ather Energy to launch a high-performance electric motorcycle next; Details revealed

Ather Energy, an IT Madras based electric mobility start-up, has just launched two new electric scooters, the 340 and 450. After successfully bringing its first electric scooters to the market, Ather is now aiming a lot higher. The start-up will soon begin work on a high performance electric motorcycle, which will be launched in about two years from now. Tarun Mehta, co-founder of Ather Energy, has just revealed this in an interview to the  TimesOfIndia . Here’s what he said about Ather’s plans to enter the motorcycle segment in India, “Scooters now outsell bikes in all the top 10 cities. It’s painful to drive a petrol bike in crowded cities. In  Bengaluru you can never leave the clutch, and you’ll have this wrist pain. You have zero storage space. With electric  we hope to resolve some of that, you won’t need the clutch, hopefully we’ll be able to build storage space. Half our  company wanted to build a bike, but we built a scooter. Very soon we should be...

Elon Musk Hints At 'Partial Presence' Of Tesla In India By 2019

The tweet sent out now brings in some hope and a partial presence in India would certainly help in boosting the electric car market in India Tesla Motors' Chief Executive Officer (CEO), Elon Musk , today revealed that the company's plans to expand its overall market beyond North America, Europe, and China. We already told you that the company plans to make the Model 3 in China and has hinted at achieving 7000 units production capacity. Musk also revealed on Twitter that he recently asked his service team to expand to all population regions in North America, Eastern Europe, China, and Japan by the end of next year. He even said that "We are completely missing vast geographic regions in some cases." In a follow-up tweet Musk went on to state that "Hopefully, partial presence in India, Africa & South America end of next year, with broader expansion in 2020" and this gives India a silver lining at the least. Hopefully, partial presence in India...