Things are looking up for Huawei
It looks like beleaguered Chinese company Huawei has finally gotten a little bit of reprieve, as US President Donald Trump said that he’ll allow US companies to continue selling products to Huawei.
Speaking to reporters at the G20 summit in Osaka Japan, Trump said that US companies will continue selling to Huawei.
“One thing I will allow is that – a lot of people are surprised that we sell to Huawei a tremendous amount of products that go to various products they make,” he said.
“And I said that is okay. We are going to continue selling those products. These are American companies producing the products. This is complex, highly scientific. We are the only one with the technology. I have agreed to allow them to continue selling the products,” he said.
Huawei’s access to American hardware and technology was curtailed the past few months after the US Government put the company in a blacklist of sorts, which meant US-based companies could only sell products to Huawei with government approval.
Huawei spent around $11 billion on US technology back in 2018, so it’s obvious that it’s in the US’ best interest to resume normal trade relations with the technology company after the very public spat.