Reuters reports that in its last days in power, the Donald Trump administration decided to inflict more
What does it mean
The email was obtained by ReutersThe Semiconductor Industry Association said the US Commerce Department had announced its intentions to “deny a significant number of requests for an export license to Huawei and revoke at least one previously issued license.” But the publication’s sources note that we are talking about 8 licenses that were revoked from 4 companies.
Let us remind you that the license gives the right to renewcooperation and supply your products to Huawei. For a long time, the US government did not review applications and did not issue these licenses, but then the process began. However, no one thought that this permission would be revoked.
According to preliminary information, licenses have already beenlost Intel and Japanese flash memory chip manufacturer Kioxia (formerly Toshiba Memory). The letter notes that the actions cover a “broad spectrum” of electronics industry products.
According to the source, applications for a license for goods and technologies worth $280 billion for Huawei have not yet been processed, but are now likely to be rejected.
By the way, companies that receive notifications mustrespond to it within 20 days, and the Department of Commerce must notify within 45 days of any change in decision. After these deadlines, decisions become final, but companies have 45 days to appeal.
Let us remind you that the day after tomorrow, January 20, Donald Trump will officially be replaced as President of the States by Joe Biden. It is not yet clear what policy he will have regarding Chinese companies.
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