Several of the most important partners of Huawei faced a difficult time, including Qualcomm. This has happened since the company was placed on the Entity List of the US government. Steve Mollenkopf, Qualcomm CEO confirmed in a new development that now his company has started back trade with Huawei. He further says that, Qualcomm is also trying to make a deal with Huawei that is a long-term supply deal. He did not exactly tell about the components that are to be sold.
The US Department of Commerce declared back in July that it is going to start giving out some special licenses for those companies that are in favor of carrying on their ties in business with Huawei. The most prominent point in all this talk was that the US companies are just going to have permission to sell the commonly available components. This category of components includes mobile chipsets.
Huawei’s temporary trade license agreement with the US companies was extended for 90 days in August. Reports said later that month that over 130 US companies were the ones to file for the special licenses.
In spite of the fact that Huawei produces its chipsets, it still depends upon Qualcomm in order to get a considerable chunk of its devices. In 2018, the reports said that just during that year, Huawei spent approximately 11 billion trading with US companies such as Micron, Qualcomm and Intel. We will have to wait for the latest news to tell us more about this problem.
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