WASHINGTON (Reuters) – U.S. President Donald Trump is expected to drop in on a Monday meeting of high know-how corporations, together with the chief executives of Intel Corp and Broadcom Inc, held to talk about blacklisted Huawei Technologies Co Ltd and different subjects, two folks briefed on the matter stated.
White House financial adviser Larry Kudlow will preside over the roundtable, which was confirmed by a White House official on Friday. The official stated executives from Alphabet Inc’s Google and Micron Technology Inc will additionally attend and that it had been referred to as to talk about financial issues.
White House officers current will embody senior adviser Jared Kushner, Commerce Department Secretary Wilbur Ross and Treasury Secretary Steven Mnuchin, one of many folks stated, including that executives from Cisco and Western Digital had been additionally invited.
Qualcomm Inc was additionally invited to the afternoon meeting, which didn’t seem on Trump’s official schedule.
The White House, Intel and Broadcom didn’t instantly reply to a request for remark.
The meeting comes at a time of lingering uncertainty over the way forward for U.S. corporations’ ties to Huawei, the world’s largest telecommunications gear maker. It was positioned on a U.S. blacklist in May, with the federal government citing nationwide safety issues.
The transfer banned U.S. corporations from promoting most U.S. components and elements to Huawei with out particular licenses. But Trump stated final month gross sales may resume as he sought to restart commerce talks with Beijing.
Clarity on what the brand new coverage in direction of Huawei will be has been gradual to emerge.
Ross has stated licenses would be issued where there isn’t any menace to nationwide safety. Reuters reported final week that the United States may approve licenses for corporations to restart new gross sales in a matter of weeks.
However, the Washington Post reported on Monday that Huawei secretly helped North Korea construct and keep its business wi-fi community.
That might bolster China hawks within the U.S. authorities who see Huawei as an actual nationwide safety threat, over those that search a extra lenient coverage to appease Beijing amid ongoing commerce talks between the world’s two greatest economies.
The United States accuses Huawei of violating Iran sanctions and stealing American mental property, and says its gear may be used to spy for the Chinese authorities.
Reporting by Alexandra Alper and David Shepardson; enhancing by Susan Thomas and Rosalba O’Brien