BUSINESS,POLITICS : Intel Reportedly Receives US License to Continue Supplying Some Products to Huawei

Intel Reportedly Receives US License to Continue 

Supplying Some Products to Huawei

The Chinese tech giant was previously blacklisted by Washington, as the American authorities accused Huawei of assisting Beijing in espionage - which both the company and the Chinese government denied, stressing that the US move was politically-motivated.

Intel, the world's largest semiconductor chip manufacturer, announced on Tuesday it has received licenses from the American authorities to continue supplying its products to Huawei technologies, according to Reuters.

The export ban on Huawei came into effect last Tuesday, forcing numerous companies in the US and around the world to halt their cooperation with the tech corporation. According to US chip giant Qualcomm, the restrictions put on Huawei mean the company could lose up to $8 billion per year to its foreign competitors.

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