Finally, a breath of fresh air for Huawei and partners, as the US government has extended reprieve for the Chinese tech giant for an added 90 days.
Earlier this year, in May, the company was given a temporary license to operate within USA, or supply components to US tech firms.
The extension of this license was announced by US Commerce Secretary Wilbur Ross in an interview with Fox Business.
The move means Huawei can continue to buy US-made semiconductors and other materials crucial to its phones and network equipment, and that US telecommunications companies can continue to buy products from Huawei.
In classic Donald Trump fashion, the US President tweeted that the US talks with China were going on very well.
This reprieve extension is welcome news to US telecos ,which rely on the firm for various components that are critical to their operations. They will use this period to find alternative partners.
Commerce Secretary Ross said, “As we continue to urge consumers to transition away from Huawei’s products, we recognise that more time is necessary to prevent any disruption.”
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The license expiration date has now been pushed back to November 19th.
In addition to Huawei, 46 of the firm’s subsidiaries and affiliates have been added to the blacklisted entity list.
Huawei is yet to put out a statement regarding this recent announcement.
