News
Breaking: Huawei to get new 90 days business license extension from the U.S.
On November 19, Huawei’s second 90 days reprieve given the US commerce will be concluded and a report regarding the subject hints that Huawei is set to get a new 90-day business license extension from the US.
Back in May, the US Commerce Department added Huawei into the Entity-List and imposed trade restrictions that prohibit it from buying US technologies. Then the company was then given a 90 days temporary license to serve its existing customers in telecom sectors and update for smartphones, which was expanded for another 90 days in August.
According to Reuters, the new extension will be announced Monday, when the earlier reprieve is set to expire, the sources said. The sources declined to be identified as the extension has not been publicly announced.
With a new 90 days extension, the Huawei’s US business license will be extended to 17 February 2020.
The US commerce secretary – Wilbur Ross previously said that the US department is working on licenses that are likely to allow Huawei to resume purchases technologies such as chips and software services from Google and Microsoft.
Also, Check – Huawei to get new business license extension from the US
