Larry Ludlow – who happens to be the economic adviser of the White House, will host a meeting with semiconductor and software executives on Monday in order to discuss the US ban on sales to China’s Huawei Technologies Co Ltd – two sources have said on Friday.
Not only will the Treasury Secretary Steven Mnuchin attend, but chipmakers Intel Corp (INTC.O) and Qualcomm Inc (QCOM.O) are also on the list of the invited parties.
It has been confirmed by a White House official that the meeting will indeed take place, while it was also noted that both Google (GOOGL.O) and Micron (MU.O) would attend – in order to discuss the economic matters concerning the latest ban and the conflict between China and the US.
The subject of Huawei was expected “to come up but that it is not the reason why they are convening the meeting”, said the official – who went on to convey the news only if his identity was kept anonymous.
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It is still unclear where the future of the US companies’ ties with Huawei lies, as the uncertainty gained pace the after the President of the US – Donald Trump and his administration took upon the decision to put the world’s no. 1 maker of telecommunications equipment on a blacklist two months ago in May, reasoning national security concerns as the root for such a decision.
Following the move saw a ban of US companies selling most US parts and components to it without the case of special licenses, however, it was said last month by President Donald Trump that the firms from the US could resume sales, as Trump looked to revive trade talks with Beijing.
And even though several weeks have passed since the announcement, the details over what the new policy towards the company will be are still not forthcoming.
The secretary of the Commerce Department in the US has commented on the wholescenerio by saying that licenses will only be issued where there is no threat to the national security of the US. It has also been reported in recent times that the States may actually approve licenses for companies to restart new sales in just a matter of weeks.
Both Intel and Qualcomm have declined to comment on the latest reports, while Google, Micron, Microsoft and Broadcom did not immediately respond to requests for their thoughts.
