CEO of Huawei, Ren Zhengfei, said that the firm's divorce with its budget smartphone brand, Honor, will cut off all ties between the two companies, hopefully allowing Honor to regain U.S. tech.
China has asked the United States government to stop being unreasonable following the latter's attempts to prevent Huawei buying chips from international firms such as Taiwan's TSMC.
Things are looking to get even more difficult for Huawei as the U.S. government is planning on putting more restrictions on companies that are still supplying components to the Chinese company.
According to a report, the Chinese government is planning to remove all foreign computer equipment, which could be as many as 30 million devices, from public offices in the next three years.
The U.S. Department of Commerce has issued Huawei with a three-month extension which will allow the company to do business with U.S. companies. The license still only allows limited business.
The U.S. Commerce Department is expected to give Huawei another six-month temporary license extension that will allow it to continue pushing software updates to its existing Android devices.
Sources have said that Tesla is considering two price increases for customers in China. The first is due on August 30, while a second could arrive in December. No official statement has been released.
According to two sources familiar with the matter, the US is expected to continue to grant licenses to companies that sell components to the Chinese firm for an additional 90 days.
One of the biggest sources of anxiety among U.S.-based tech companies in the past few weeks has been the looming threat of more tariffs on electronics. The tariffs have now been delayed.
In the latest stage of the Huawei-U.S. saga, it is being reported that the Chinese firm will be laying off hundreds of U.S. workers, employed at its R&D subsidiary Futurewei Technologies.
The U.S. Department of Commerce has confirmed that U.S.-based firms will be able to apply for licenses to sell tech to Huawei. However, the Chinese firm will remain on the entity list.
With the tension that's developed between the United States and China, many tech companies are reportedly looking to move production out of the latter in order to reduce instability concerns.
Yesterday, US President Donald Trump stated that Huawei could now purchase products from US suppliers again. However, it has now been clarified that this doesn't apply to all goods as of yet.
As per US President Trump's statement at the G20 summit, Huawei will now be allowed to purchase from US tech companies. This news comes following the effective US ban on Huawei over a month ago.
According to a statement issued by FedEx, the multinational courier company is suing the American Department of Commerce. The move comes just a few days after FedEx was unable to ship a Huawei phone.
Following the controversial Huawei ban that prevents the company from buying products from American companies, the U.S. government has now placed similar restrictions on many Chinese firms.
The U.S. Department of Commerce has issued a temporary reprieve for businesses that trade with Huawei. The move also means that Huawei Android customers will get updates until August.
Earlier this week Huawei was blacklisted by the U.S. government. As a result, the company can no longer import parts from American companies. Reportedly, Google has suspended all business with Huawei.
At an event in Shenzhen, Huawei's Deputy Chairman Ken Hu called on the U.S. government and others to present the evidence against Huawei that determines it and its products as a security risk.
Huawei has said it will pledge $2 billion to rectify security issues which were identified by the UK's GCHQ spy agency. The news was leaked by sources after Huawei met UK officials.
After banning the use of Huawei equipment from government use in August, the U.S. government is now reportedly trying to convince foreign allies and telecom firms in allied nations to do the same.
ZTE has come to an understanding with the US Department of Commerce. The Chinese company will pay a total record-setting amount in fines as it exported electronics and IT equipment to Iran and DPRK.