The Trump administration has notified Huawei suppliers, including Intel Corp. and other US tech companies, that it is revoking licenses to do business with the Chinese technology company and rejecting new license applications, Reuters reported Sunday.
The move came in the final days of Donald Trump’s administration, days ahead of president-elect Joe Biden’s inauguration on Wednesday, January 20.
U.S. claims that Huawei technologies co. poses a national security threat, and has restricted American companies from doing business with China’s telecom-equipment maker since 2019.
Also, Reuters reported eight licenses have been canceled from four companies, and cited the Semiconductor Industry Association saying on Friday that the Commerce Department had issued “intents to deny a significant number of license requests for exports to Huawei and a revocation of at least one previously issued license.”
It is doubtful if the incoming Biden administration will continue the restrictions against Chinese companies, however, some experts predicting the orders could be paused while the new administration reviews the cases.