A day after major tech companies including Google, Qualcomm, and Intel agreed to follow US orders and cut ties with Huawei, the Trump administration decided to provide some temporary relief to the troubled company.
The US Department of Commerce announced that it is issuing Huawei a 90-day exemption from trade restrictions through a Temporary General License (TGL). It grants operators time to make other arrangements and authorises specific, engagement in transactions involving the export, reexport, and transfer of items.
This license also allows operations to continue for existing Huawei mobile phone users and rural broadband networks for the stated period. The Department will evaluate whether to extend the TGL beyond 90 days.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)