U.S. Treasury Secretary Steven Mnuchin offers a briefing on cryptocurrency on the White House in Washington, U.S., July 15, 2019.
Kevin Lamarque | Reuters
U.S. officers together with Treasury Secretary Steven Mnuchin and White House financial adviser Larry Kudlow will host a meeting on the White House on Monday of semiconductor and software program executives to focus on the U.S. ban on Huawei Technologies, two sources briefed on the meeting mentioned on Friday.
The United States positioned Huawei on the Commerce Department’s so-called Entity List in May over nationwide safety issues. U.S. components and elements usually can’t be bought to these on the listing with out particular licenses.
However, U.S. President Donald Trump, who’s searching for to revive commerce talks with China, introduced late final month that U.S. firms can be allowed to promote merchandise to Huawei.
The White House didn’t instantly remark on the meeting.
One of the sources mentioned invited firms included chipmakers Intel, Micron Technology, Qualcomm and Broadcom. Microsoft was additionally invited.
Intel and Qualcomm declined to remark.
The United States might approve licenses for firms to restart new gross sales to Huawei in as little as two weeks, a senior U.S. official mentioned final week.