Huawei has 90 extra days to buy supplies in the United States

The extension of "forgiveness" will renew the agreement that expires today, allowing Chinese society to maintain existing telecommunication networks and provide software updates to Huawei phones.

The situation around the license, which has become a key element of the negotiation for the United States, remains uncertain and the decision to continue with Huawei's grace could change before the deadline of Monday, sources said.

US President Donald Trump and Chinese President Xi Jinping are expected to talk about Huawei on the phone this weekend, said one of the sources.

When the Commerce Department prevented Huawei from buying US goods earlier this year, this was perceived as a great escalation in the trade war between the two major economies of the world.

The US government blacklisted Huawei, saying Chinese society was involved in activities contrary to the interests of national security and foreign policy.

Many Huawei suppliers have applied for special licenses to sell to the company. Secretary of Commerce Wilbur Ross told reporters late last month that he had received over 50 requests and hoped he would receive more.

Of the 70,000 million dollars that Huawei spent on component purchases in 2018, some 11,000 million went to US companies, including Qualcomm, Intel, and Micron Technology.

In this context, as recently announced by the Chinese technology company itself,Revenue growth in the first half of the year accelerated despite US sanctions.

He explained that in the first six months of this year 2019, Huawei had achieved a turnover of 401.3 billion yuan (about 58.280 million US dollars), or 23% more than the 325.7 billion yuan in the first half of 2018. Opportunity had sold 118 million smartphones.

Reuters Agency