TAIPEI/SHANGHAI -- Huawei Technologies is accelerating plans to diversify sourcing away from the U.S. despite comments by President Donald Trump this weekend that he could ease the export constraints that have dealt a severe blow to the Chinese tech giant's growth plans.
The U.S. president said at the Group of 20 summit in Osaka that he would allow American companies to sell nonsensitive goods and technology to Huawei, the world's top telecom equipment provider and the global No. 2 smartphone maker. The partial lifting of restrictions, which originally barred all transfer of U.S. technology to Huawei, was a condition for restarting stalled trade negotiations between Washington and Beijing.
