Plenty of companies want to sell U.S. goods to Huawei after Washington officials put the company on an entity blacklist and then decided some sales would be allowed.
Reuters reported Tuesday that more than 130 applications were received by the U.S. Commerce Department for licenses to sell to Huawei, according to three unnamed sources. The Trump Administration has not yet granted any of the requests.
Chipmakers and other companies in the U.S. supply chain stand to lose billions of dollars in sales if the licenses aren’t obtained.
Chip executives are not commenting publicly on the specifics about the licenses or their impact, although several CEOs told investors in second earnings calls that they don’t expect much clarity on the China and Huawei situation until 2020.
Huawei has objected to the U.S. decision to include it on the entity listing and said it doesn’t spy on its customers and doesn’t work for the Chinese government.
President Trump said Monday that China “very badly” wants to make a trade deal with the U.S.
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