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2/14, 7:43 PM (Source: TeleTrader)
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Pentagon stops objections to Huawei-related proposal - reports

United States Department of Defense ceased its objections to a proposal that would hinder American chipmakers' sales to Huawei Technologies Co. Ltd., US media reported on Friday.

Previously, Pentagon expressed an opinion that excluding the Chinese tech giant from exports would cause a decrease in US companies' funds needed for further research. The proposal is still under consideration by the White House, the report noted.

Under the proposed change, the percentage of US-made content in shipments to Huawei would be decreased to 10% from 25% and would cause difficulties for all American firms that do not own an export license.

Breaking the News / MS