Washington Halts Licenses for U.S. Companies to Export to Huawei

Martijn Rasser, a technology expert at CNAS, a think-tank, said the latest action was a “really significant move”. “The actions by the commerce department are partly driven by the fact that Huawei as a company is a very different animal than it was four years ago when it was focused on 5G,” said Rasser, a former CIA official, referring to its expansion into areas such as undersea cables and cloud computing.

Washington’s move comes as Huawei’s operations have stabilised. Eric Xu, the company’s rotating chair, said in December that 2023 would be the first year in which Huawei would return to “business as usual”. According to the company, its 2022 revenues were flat at Rmb636.9bn ($94bn), after a precipitous decline in 2021.

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