US companies may get approval to sell to Huawei in two-four weeks

A few weeks ago, US President Donald Trump softened its stance against Huawei after talks with Chinese President Xi Jingping following the Group of 20 summit in Osaka, Japan.

Huawei store in Shanghai, China

Huawei will be allowed to do business with US companies again

Today, an exclusive report from Reuters said that the US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks. It is according to an unnamed senior U.S. official.

The licenses are required to do business with companies included in the "Entity List" of the US government. 

In short, US companies such as Google, Qualcomm, Intel, and more will be allowed to deal with Huawei again once they already have the approved licenses.

To recall, Huawei has been added to the watch list of the US government due to the alleged spying activities of the Chinese tech titan.

But after the meeting of Trump and Xi Jingping, Trump said that US companies can sell their equipment to Huawei as long as there's no great national security problem with it.

The US government has also failed to present any proof showing that Huawei is a threat to its national security.

Huawei is currently the world's largest telecommunications equipment maker and is leading the race in 5G. Huawei is also the world's second-biggest mobile phone maker ahead of Apple and just behind Samsung.

This move may put Huawei back on track of being the world's largest phone maker in the near future.

See also: US tech giants to meet in The White House to resume sales with Huawei

What do you guys think?

Source: Reuters