NEW YORK -- The U.S. will issue "several" licenses to companies that supply Huawei Technologies but will deny others, the Commerce Department said Wednesday, in moves that will likely shape the future of Chinese tech giant's supply chain.
The U.S. government will grant "narrow" licenses to authorize "limited and specific activities which do not pose a significant risk to the national security or foreign policy interests," a department spokesperson said. The spokesperson added that Huawei remains on its so-called Entity List, which essentially bans American companies from supplying products to the world's largest telecom equipment maker unless they are granted approval.
