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The Trump administration may start allowing some US companies to sell their products to China's Huawei Technologies Co. in two weeks, Reuters reported on Sunday. Flea makers in the United States, including Qualcomm Inc.
QCOM, + 1.61%
Intel Corp.
INTC, + 2.72%
and Micron Technology Inc.
MU, + 2.37%
US authorities have banned most sales to Huawei in May, but US Secretary of Commerce Wilbur Ross recently announced that sales licenses would be issued there is no national security risk. According to Reuters, licenses will likely be awarded on a case-by-case basis, starting from the next two to four weeks.
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