XM tillhandahåller inte tjänster till personer bosatta i USA.

Biden revoked 8 licenses for China's Huawei in 2024, document shows



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Biden revoked 8 licenses for China's Huawei in 2024, document shows</title></head><body>

Adds McCaul's office confirmation of receipt

By Alexandra Alper

WASHINGTON, July 2 (Reuters) -The Biden administration has revoked eight licenses this year that had allowed some companies to ship goods to Chinese telecoms equipment giant Huawei, according to a document first reported by Reuters, as it seeks to pressure the resurgent company.

The Commerce Department, which oversees U.S. export policy, said in May it had revoked "certain" licenses, as first reported by Reuters, but did not specify the name or number of suppliers that were impacted. Licenses for Qualcomm QCOM.O and Intel INTC.O were among those revoked, Reuters reported at the time.

"Since the beginning of 2024, (the Commerce Department) has revoked eight additional licenses involving Huawei," the agency said in the document, prepared in response to an inquiry by Republican Congressman Michael McCaul.

According to the document, license approvals for Huawei include "exercise equipment and office furniture and low-technology components for consumer mass-market items, such as touchpad and touchscreen sensors for tablets," which are widely available in China from Chinese and foreign sources, the Commerce Department said.

Huawei HWT.UL and Qualcomm did not respond to requests for comment. Intel declined to comment. A spokesperson for the House Foreign Affairs Committee, which is chaired by McCaul, said it had received the data on Tuesday and is reviewing it.

The details shed new light on measures the Biden administration is taking to thwart Huawei, as the company has started to rebound despite Washington's efforts to cripple it on national security grounds. Huawei has denied it is a security risk.

It also comes amid pressure from Republican China hardliners in Congress to hammer the company, which shocked industry last August with a new phone powered by a sophisticated chip manufactured by Chinese chipmaker SMIC 0981.HK despite U.S. export restrictions on both companies.

The phone helped Huawei smartphone sales spike 64% year on year in the first six weeks of 2024, according to research firm Counterpoint. Its smart car component business has also contributed to Huawei's resurgence, with the company notching its fastest revenue growth in four years in 2023.

Huawei was placed on a U.S. trade restriction list in 2019 amid fears it could spy on Americans. Being added to the list means the company's suppliers have to seek a special, difficult-to-obtain license before shipping.

But Huawei suppliers have received licenses worth billions of dollars to sell Huawei goods and technology, thanks to a policy introduced by the Trump administration that allowed a much broader swathe of items to flow to the firm than is typical for an entity-listed company.

The summary also states that from 2018 to 2023, the agency approved $335 billion worth of licenses out of a total $880 billion applications seeking permission to sell to Chinese parties on the entity list. Of those approvals, $222 billion worth came in 2021, Biden's first year in office, out of $560 billion in applications received that year, the agency added.



Reporting by Alexandra Alper; Additional reporting by David Shepardson; Editing by Christopher Cushing and Sandra Maler

</body></html>

Ansvarsfriskrivning: XM Group-enheter tillhandahåller sin tjänst enbart för exekvering och tillgången till vår onlinehandelsplattform, som innebär att en person kan se och/eller använda tillgängligt innehåll på eller via webbplatsen, påverkar eller utökar inte detta, vilket inte heller varit avsikten. Denna tillgång och användning omfattas alltid av i) villkor, ii) riskvarningar och iii) fullständig ansvarsfriskrivning. Detta innehåll tillhandahålls därför uteslutande som allmän information. Var framför allt medveten om att innehållet på vår onlinehandelsplattform varken utgör en uppmaning eller ett erbjudande om att ingå några transaktioner på de finansiella marknaderna. Handel på alla finansiella marknader involverar en betydande risk för ditt kapital.

Allt material som publiceras på denna sida är enbart avsett för utbildnings- eller informationssyften och innehåller inte – och ska inte heller anses innehålla – rådgivning och rekommendationer om finansiella frågor, investeringsskatt eller handel, dokumentation av våra handelskurser eller ett erbjudande om, eller en uppmaning till, en transaktion i finansiella instrument eller oönskade finansiella erbjudanden som är riktade till dig.

Tredjepartsinnehåll, liksom innehåll framtaget av XM såsom synpunkter, nyheter, forskningsrön, analyser, kurser, andra uppgifter eller länkar till tredjepartssajter som återfinns på denna webbplats, tillhandahålls i befintligt skick, som allmän marknadskommentar, och utgör ingen investeringsrådgivning. I den mån som något innehåll tolkas som investeringsforskning måste det noteras och accepteras att innehållet varken har varit avsett som oberoende investeringsforskning eller har utarbetats i enlighet med de rättsliga kraven för att främja ett sådant syfte, och därför är att betrakta som marknadskommunikation enligt tillämpliga lagar och föreskrifter. Se till så att du har läst och förstått vårt meddelande om icke-oberoende investeringsforskning och riskvarning om ovannämnda information, som finns här.

Riskvarning: Ditt kapital riskeras. Hävstångsprodukter passar kanske inte alla. Se vår riskinformation.