Intel to obtain U.S. licenses to supply products for Huawei

On Tuesday, Intel Corp. (INTC) announced that it obtained licenses from the United States government to continue supplying products for Huawei Technologies (SHE: 002502).

The American multinational corporation and technology company said that it had sought approval from the U.S. authorities to supply Huawei to continue its new notebook project.

The U.S. Department of Commerce (USDC) tightened its export controls last week. According to the government agency, some tech firms would not be allowed to supply the Chinese tech giant with electronic components using U.S. technology. 

“Unfortunately, in the second round of U.S. sanctions, our chip producers only accepted orders until May 15. Production of the chip will stop on Sept. 15. Because there is no Chinese chip manufacturing industry to support, Huawei is faced with the problem of no chips,” Huawei Technologies Consumer Business Group’s Chief Executive Officer Richard Yu said last month.

Several chipmaker companies such as Macronix, Micron, and SK Hynix had recently joined Qualcomm, Samsung, and SMIC in seeking approval from the U.S. to sell electronic components to Huawei.

In 2019, Huawei overtook Samsung (KRX: 005930) to become the world’s number one smartphone seller with over 200 Million units.