us commerce dept more than 130 licensing requests from us companies to trade huawei

Back in July, the United States Commerce Department announced its planning to issue special licenses to US companies wishing to continue their trade ties with Huawei. Now according to people familiar with the situation who spoke to Reuters , the Commerce Department received more than 130 application requests from local tech firms. While these figures are not officially confirmed yet, it signals that this solution might come into effect soon.

Commerce Secretary Wilbur Ross explicitly stated that the new licenses will be issued only for widely available components which do not pose a…