Intel

Intel granted US License To Continue Supplying Huawei

Huawei will be able to keep making its laptop devices and can use Intel’s other products

With the new US imposed sanctions on Huawei, apart from US-based companies, many Japanese and Korean firms have also been restricted from conducting business with Huawei. As a result, the situation for Huawei is getting more difficult by the day.

According to recent reports, companies that conducted business with Huawei are looking at billions of dollars in losses due to the restrictions.

Hence, several companies are applying for special licenses from the Trump administration to continue doing business with the Chinese company.

Reportedly, chipmaker Intel has been granted a license to work with Huawei. This means that the Chinese giant will be able to keep making its laptop devices and can use Intel’s other products.

The news is a significant development for Huawei and might help deter the revenue loss it is looking at. Moreover, the fact that Intel was granted a license shows that there is still a possibility for the company to turn the tides. However, there is still no news regarding special licenses for the company’s smartphone business.

Last week China’s Semiconductor Manufacturing International Corporation (SMIC) confirmed it had also sought permission to continue servicing Huawei. SMIC uses U.S.-origin equipment to make chips for Huawei and other companies.

South Korean chipmaker SK Hynix also applied for U.S. licence for Huawei sales, but it has not gained approval, a person familiar with the matter said.

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