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Trump delays Huawei ban by 90 days

The Next Web Tuesday, 21 May 2019
Trump delays Huawei ban by 90 daysAfter a horrid 24 hours, there’s finally some respite for Huawei. The US Commerce Department has given the company a 90-day extension to provide support for existing handsets and network components.  The department has issued a “temporary general license ” to the company “necessary to maintain and support existing and currently fully operational networks and equipment, including software updates and patches, subject to legally binding contracts and agreements” that expires on August 19.  To recap, after US President Donald Trump signed an executive order to ban Huawei last week, US tech companies like Google, Qualcomm, and Intel ceased business with the Chinese company over the…

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News video: Global Markets Bounce Back After Trump's 'Big Reality Check'

Global Markets Bounce Back After Trump's 'Big Reality Check' 00:48

According to Business Insider, Global markets are rallying after Trump tempers his Huawei ban after getting a 'big reality check’. Huawei's blacklisting hammered US companies that trade with it or rely on its services or equipment. Shares in chipmakers Qualcomm, Broadcom, Micron Technology, and...

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