BUSINESS US approves licenses for Huawei to buy auto chips: media

BUSINESS

US approves licenses for Huawei to buy auto chips: media

CGTN

12:56, August 25, 2021

U.S. officials have approved licensing applications worth hundreds of millions of dollars for Chinese telecom giant Huawei to buy chips for its growing auto component business, Reuters reported, citing people familiar with the matter.

An employee holds a Mate Xs folding smartphone, manufactured by Huawei Technologies Co., at a launch event in London, U.K., on Tuesday, Feb. 18, 2020. (File photo: CFP)

So far, there has been no official confirmation on this matter.

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