WASHINGTON (Reuters) - U.S. Senator Marco Rubio on Thursday released a statement "demanding answers" from the Biden Administration about a Reuters report the U.S. has approved license applications worth hundreds of millions of dollars for China's Huawei to buy chips for its growing auto business.
Huawei, the world's largest telecommunications equipment maker, has been hobbled by trade restrictions https://www.reuters.com/world/china/exclusive-trump-admin-slams-chinas-huawei-halting-shipments-intel-others-sources-2021-01-17 imposed by the Trump administration on the sale of chips and other components used in its network gear and smartphones businesses.
But in recent weeks and months, people familiar with the application process told Reuters https://www.reuters.com/business/autos-transportation/exclusive-us-approves-licenses-huawei-buy-auto-chips-sources-2021-08-25 the U.S. has granted licenses authorizing suppliers to sell chips to Huawei for such vehicle components as video screens and sensors. The approvals come as Huawei pivots its business toward items that are less susceptible to U.S. trade bans.
"The Biden Administration cannot be allowed to hide this approval from the public," Rubio said. "Officials need to come forward with what actions they took and why. It is not in America's economic or security interests to help Huawei. Instead of granting waivers, the Biden Administration should be increasing penalties and restrictions on Huawei and other Chinese tech...
Read Full Story: https://money.usnews.com/investing/news/articles/2021-08-26/us-senator-rubio-demands-answers-on-huaweis-auto-chip-approvals
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