Huawei is now struggling to keep its smartphone business afloat, as U.S. sanctions have completely limited the ability of the Chinese giant to purchase or manufacture components using American technology. Now there is hope for Huawei. Forrest Norrod, senior vice president of AMD, confirmed that the company has received a license to sell its products to some companies included in the relevant list of U.S. legal entities.
The license obtained by AMD guarantees that in the foreseeable future, the company’s sales performance will not deteriorate due to U.S. restrictions focused on China. He also added that the company complies with all rules and regulations.
Remarkably, Forrest Norrod did not disclose the names of the companies authorized to do business with AMD. So at this stage, no one knows for sure whether there is a Chinese giant Huawei in this list.
Statement by Forrest Norrod confirms that the United States, even after tightening sanctions, still grants licenses to do business with those firms that are on the prohibited list. That is, sooner or later, other companies may obtain the necessary permits to resume business with Huawei.
It should be noted that a week ago it became known that Huawei was betrayed by its own suppliers: semiconductor manufacturers in China have stopped supplying Huawei components.