Huawei can buy from US suppliers again but things will never be the same

U.S. President Donald Trump has handed Huawei a lifeline after he said that U.S. companies are permitted to sell goods to the embattled Chinese tech firm following more than a month of uncertainty.
Its been a pretty dismal past month for Huawei since the American government added it and 70 of its affiliates to an entity list which forbids U.S. companies from doing business with it. The ramifications of the move were huge across Huaweis networking and consumer devices businesses.A range of chip companies reportedly forced to sever ties while Google, which provides Android for Huawei devices, also froze its relationship. Speaking this month.
All told, Huawei founder and chief executive Ren Zhengfei said recently that the ban would cost the Chinese tech firm the worlds third-larger seller of smartphones some $30 billion in lost revenue of the next two years.
Now, however, the Trump administration has provided a reprieve, at least based on the Presidents comments following a meeting with Chinese premier Xi Jinping at the G20 summit this weekend.
US companies can sell their equipment to Huawei. Were talking about equipment where theres no great national security problem with it, the U.S. President said.
Those comments perhaps contradict some in the US administration who saw the Huawei blacklisting as a way to strangle the company and its global ambitions, which are deemed by some analysts to be a threat to America.

President Trump has appeared to soften his tone on Chinese communications giant Huawei, suggesting that he would allow the company to once again purchase US technology
CNN International (@cnni) June 29, 2019
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«     2020    »