US President, Donald Trump announced in a news conference that US Companies will be allowed to work with Huawei again.
This is a surprising turnaround of events after the major blow he did to Huawei back in May where he signed an executive order banning US companies from trading with Huawei.
“US companies can sell their equipment to Huawei,” Trump said on the sidelines of the G20 summit in Osaka. “We are talking about equipment where there’s no great national security problem with it,” Trump was quoted as saying in the Wall Street Journal.
Interesting enough, the reason why Trump was willing to let American companies trade with Huawei is China’s willingness to buy large amounts of U.S farm goods.
Trump said that his administration will hold meetings on how to deal with Huawei which is on their ban list.
It is still not clear what Trump means about US companies trading with Huawei as long as there is no national security threats. However, it could mean that they can be allowed to get Qualcomm processors or be allowed back to using Android OS or buy Intel processors.
Huawei is a major customer for American owned hardware as they spent around $11 billion on chips made by Intel, Qualcomm and Micron alone.
We are also not sure how fast this reversal of the ban will take. The ban made Huawei paint a grim picture of its future where they said their revenues could dip by $30 billion in the next two years. Well, at least that outlook will change for them, thanks to the G20 summit.