Intel applying for licenses to sell more products to Huawei

The American chip giant Intel says it has applied for licenses to sell some of its products to China's tech giant Huawei, reports CNBC.

A person holds a Huawei mobile phone in front of logo of Intel in Izmir, Turkey on May 28, 2019. [File Photo: Getty Images via VCG/Emin Menguarslan]

Intel CEO Bob Swan said the company sold products to Huawei in the second quarter of the year. He also said Intel has submitted an application for licenses to sell more products to Huawei, although the company is unsure how long the approval process will take.

The application for export licenses comes after the United States loosened its sanctions on Huawei in June. At a press conference at the G20 summit in Japan after his meeting with China's President Xi Jinping, President Donald Trump said, "U.S. companies can sell their equipment to Huawei", as long as "there's no great national emergency problem."

Earlier this year, the United States imposed export controls on Huawei, requiring companies such as Qualcomm, Broadcom, and Intel to apply for licenses to provide components to the Chinese firm. These export controls have had some impact on Huawei's operations. In June, the company said it would not launch its new laptop as planned because of the trade restrictions.

But despite the restrictions, the company released a better-than-expected financial report. During the first half of this year, Huawei's revenue rose 23 percent compared to the same time last year.