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BREAKING: US Silicon Valley tech giants are losing billions, quietly lobbying to ease Huawei ban – report

 
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06/17/2019 06:04 AM
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BREAKING: US Silicon Valley tech giants are losing billions, quietly lobbying to ease Huawei ban – report
US Silicon Valley tech giants are losing billions, quietly lobbying to ease Huawei ban – report

Published time: 17 Jun, 2019

Highly concerned over an imminent loss of billions of dollars in trade with Huawei, Silicon Valley giants have been quietly lobbying the Trump administration to ease its ban on sales of components to the Chinese tech firm.

Huawei spent about $11 billion last year buying components from dozens of US companies, including chips from Qualcomm, as well as software from Microsoft and Google. American firms are set to lose that business once their 90-day temporary licenses, granted following Washington’s blacklisting of Huawei and 70 of its subsidiaries, expire on August 20.

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