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11/16, 2:34 AM (Source: TeleTrader)
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US to extend Huawei license again - report

Huawei Technologies Co. Ltd. is set to get another reprieve from the ban on doing business with American companies, according to The New York Times.

The rising Chinese tech giant was blacklisted in May, but obtained two reprieves from the ban on working with or buying technology from United States companies, such as chipmakers or Google, whose software it uses for its smartphones.

The last three-month license Huawei got is set to expire on Monday. It was meant to ease the effect of the measure on rural telecom companies in the US, which rely heavily on Huawei's equipment, Commerce Secretary Wilbur Ross has said.

Breaking the News / NI