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.