US completely bans Huawei technology transfer
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The Joe Biden administration has notified U.S. companies that it will no longer issue licenses to them to export technology to China’s Huawei Corporation. This was reported with reference to its own sources in the presidential administration. Financial Times.
Huawei has been under U.S. sanctions since 2019, preventing the company from gaining access to cutting-edge U.S. technology such as 5G networks. And in October 2022, the US Federal Communications Commission (FCC) imposed a ban on the import and sale of telecommunications equipment manufactured by Huawei, ZTE and several other Chinese companies, considering that they pose a threat to US national security.
Despite being on the blacklist, Huawei has still been able to receive equipment from US companies that is based on older technologies. Now we are talking about a complete ban on supplies.
True, as noted by experts interviewed by the publication, when exactly this decision of the administration will affect the activities of Huawei is unknown. After all, previously issued export licenses will continue to operate, and their terms are not disclosed.
Formerly Huawei informedthat the company in 2022 managed to get out of the “crisis mode” of work caused by the introduction of US sanctions. Huawei’s revenue for the year amounted to 636.9 billion yuan ($91.5 billion). The company earned almost the same amount in 2021.
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