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US Government Stops Export Licenses To Huawei

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The Biden administration has halted the approval of licenses for U.S. companies to export the bulk of their goods to China's Huawei, according to three people who are familiar with the issue.

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Huawei has been battling U.S. export restrictions around products for 5G and related technologies for many years.

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However, officials at the U.S. Department of Commerce have granted licenses to a few American firms to market specific products and technologies for the business.

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Qualcomm Inc 2020 received permission to sell 4G smartphones chips with Huawei.

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A Commerce Department spokesperson said officials "continually assess our policies and regulations" but do not comment on talks with specific companies.

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Huawei and Qualcomm did not comment on the matter. Bloomberg, along with The Financial Times, earlier reported the decision.

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