Late on Friday, Qualcomm Inc., the San Diego, California-based semiconductor manufacturer, had received a permit from the US Government to sell fourth-generation smartphone chips to China’s Huawei, remarking the first exception in US trade restrictions amid a protracted trade row with Beijing.
On top of that, followed by the US Government’s nod to sell its 4G chips to Huawei, a spokeswoman for Qualcomm said late on the day, “We received a license for a number of products, which includes some 4G products”.
Nonetheless, while being asked on the specific products which Qualcomm would be able to sell to China’s Huawei following Friday’s US Govt. move, the Qualcomm spokeswoman had declined to specify the 4G products, but had said that those were related to mobile devices adding a raft of applications from US tech firms to receive a special permit to conduct business with Huawei remained pending.
Qualcomm receives US permit to sell 4G chips to Huawei
In point of fact, latest move from the US Government came forth nearly three months after the departing Trump Administration had inclined a trade restriction in September which had barred US companies to sell US-borne technologies to Chinese companies without a special permit, while latest US Government move had marked up the first exemption of that legislation for the Chinese tech conglomerate Huawei Technologies, sales of which had been languishing lavishly following the crippling US ban.
Aside from that, recent Qualcomm permit to sell fourth generation mobile chips to Huawei comes over the heels of a growing media speculation that the world’s second-largest smartphone vendor, Huawei Technologies behind S.
Korea’s Samsung Electronics, might divest part of its smartphone unit due to a swathe of US sanctions which had already prompted it to create its own operating system, since the US trade restrictions had disabled it to capitalize on Google LLC.-borne Android OS.
Nevertheless, a Bernstein analyst, Stacy Rasgon was quoted saying following the Qualcomm announcement that the permit “might have a limited impact”, since a swathe of telecom networks across the globe were adapting themselves for newer fifth-generation devices.