NEW YORK (AP) — The United States will extend by 90 days a limited reprieve on U.S. technology sales to Huawei.
The U.S. government blacklisted the Chinese tech company in May, deeming it a national security risk and restricting sales of technology to it.
But it granted a limited temporary reprieve to support existing equipment and ease the burden on U.S. rural internet and wireless companies .That reprieve would have expired Monday, had Commerce Secretary Wilbur Ross not issued the extension.
Ross’ comments sent shares of U.S. computer chip makers higher.
Ross also announced that the U.S. was adding 46 Huawei affiliates to the 69 already affected by sanctions. He says the U.S. has granted no special licenses that would let any U.S. supplier sell technology to Huawei not affected by the limited reprieve.
Source: AP
