r/shares – Qualcomm receives U.S. permission to promote 4G chips to Huawei in exception to ban

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Qualcomm Inc on Friday obtained a license from the U.S. authorities to promote 4G cell phone chips to China’s Huawei Applied sciences Co Ltd, an exemption to U.S. commerce restrictions imposed amid rising tensions with China.

“We obtained a license for numerous merchandise, which incorporates some 4G merchandise,” a Qualcomm spokeswoman advised Reuters.

The spokeswoman declined to touch upon the precise 4G merchandise Qualcomm can promote to Huawei however stated they have been associated to cellular units. Qualcomm has different license purposes pending with the U.S. authorities, she stated.

Reuters

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