Trump administration rejects more than 150 transaction license applications with Huawei, licenses of Japanese companies are also revoked
With the impending change of government to Joe Biden, it has become clear that the Trump administration has further restricted Huawei-related exports. The U.S. government has
Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others --sources | Reuters
https://www.reuters.com/article/us-usa-huawei-tech-exclusive-idUSKBN29M0KD
Huawei has been on the bureau of industry and security (BIS) entity list of the United States Department of Commerce since May 2019, and at the time of writing the article, to trade items subject to US export control regulations with Huawei, You need to apply for a license to BIS.
According to Reuters, BIS has been holding about 150 license applications for several months, but has rejected most of them. In addition, it has been revealed that eight already licensed licenses have been revoked.
Among the revoked licenses are
This decision is affecting the Asian semiconductor market, with Samsung's stock price in South Korea falling 1.5%, Advantest 's stock price in Japan falling 1.5%, and Tokyo Electron 's stock price falling 0.8%.
'It is under the pressure of Corey Stewart, who was appointed by Mr. Trump as the First Assistant Secretary for Export Control,' Reuters said of the decision.
In addition, the company that received the notification of license refusal by BIS can object within 20 days. Biden's attitude towards Huawei, the new president, could overturn the decision.
Huawei is reported to have seen a decline in smartphone sales due to US sanctions and to discontinue production of 5G-enabled Kirin chips.
Related Posts:
