US gives Huawei approval for auto chips licenses as embattled smartphone maker pivots to smart cars

Source: Tech – South China Morning PostUS officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecoms company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.Huawei, the world’s largest telecommunications equipment maker, has been hobbled by trade restrictions imposed by the Trump administration on the sale of chips and other components used in its network gear and smartphones businesses. The Biden administration has been…Read More

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