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July 22, 2019, 7:36 p.m. EDT

Trump agrees to ‘timely’ decisions on licensing U.S. companies to resume Huawei sales

Major U.S. tech companies meet with president Monday

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By Alex Leary and Josh Zumbrun


Reuters
Huawei Technologies Co. Ltd. iheadquarters in Shenzhen, China.

WASHINGTON — President Donald Trump agreed Monday to grant timely licensing decisions to U.S. technology companies that want to continue lucrative sales to Huawei Technologies Co., as the administration seeks to restart trade talks with China.

The White House made the announcement after a meeting Trump held with chief executives from seven major chip makers and technology companies, including Qualcomm Inc. /zigman2/quotes/206679220/composite QCOM +1.58%  , Intel Corp. /zigman2/quotes/203649727/composite INTC -2.03%   and Alphabet Inc.’s /zigman2/quotes/202490156/composite GOOGL +2.02%   /zigman2/quotes/205453964/composite GOOG +1.80%   Google unit.

“The CEOs expressed strong support of the president’s policies, including national security restrictions on United States telecom equipment purchases and sales to Huawei,” the White House said. “They requested timely licensing decisions from the Department of Commerce, and the president agreed. The group was also optimistic about United States 5G innovation and deployments.” Also attending the meeting were chief executives of Micron Technology Inc. /zigman2/quotes/205710729/composite MU -1.65%  , Western Digital Corp. /zigman2/quotes/204213617/composite WDC -7.47%  , Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.58%   and Broadcom Inc. /zigman2/quotes/200646538/composite AVGO +1.16%  

Commerce Secretary Wilbur Ross said earlier in July that licenses would be granted for companies to make sales to Huawei in cases where there is “no threat to U.S. national security,” but the department had provided no information about how quickly such licenses might be granted.

An expanded version of this report appears on WSJ.com.

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