The United States announced the lifting of the ban on supply to Huawei! But two other things may be more important

category:Finance
 The United States announced the lifting of the ban on supply to Huawei! But two other things may be more important


American Media: The Right of Interpretation is vested in the U.S. Department of Commerce

According to the Global Times, quoting foreign media reports such as Reuters, the New York Times and the Wall Street Journal, the U.S. Department of Commerce said last night (9) Beijing Time that it would grant licenses to some U.S. companies to continue to work with China, which is listed on the U.S. Department of Commerces black list (i.e., the entity list). Huawei continues to do business on the premise that it does not pose a threat to U.S. national security.

In a statement posted on the official website of the U.S. Department of Commerce, U.S. Commerce Secretary Ross said he would license Huaweis businesses that do not pose a threat to U.S. national security and that the move was aimed at fulfilling the commitment made by President Trump to China at the G20 summit in Osaka, Japan, two weeks ago.

Screenshots from the official website of the U.S. Department of Commerce

According to the New York Times, the decision by the U.S. Department of Commerce will benefit U.S. companies such as Qualcomm, Intel, Google and Broadcom, whose customers will buy chips for mobile phones and communications devices.

Screenshots from the New York Times

Screenshot from Reuters

The Wall Street Journal reported that Ross did not give a specific timetable for when the permits would be issued.

Finally, both Reuters and the Wall Street Journal argue that U.S. companies that want to continue their business with Huawei seem to have to submit licensing applications to the U.S. Department of Commerce before the Department decides what kind of transactions can be allowed.

Up to the time of publication, Huawei has not yet responded to this issue.

Huawei Conceptual Stock Strength Two News Worth Attention

In early trading today, Huaweis concept stocks rose collectively. Shida Group, Zhiyun Stock, Guangxin Materials, United Optoelectronics, Chengmai Technologies and other stocks rose and stopped. Taijing Technologies, Mingpu Magnetics and Ferongda were among the top performers.

First, on the morning of today (10), the official website of the Ministry of Commerce of China announced that on the evening of July 9, Beijing time, Liu He, a member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the China-US Comprehensive Economic Dialogue, had a telephone conversation with American Trade Representative Lethizer and Finance Minister Mnuchin to implement the Osaka Conference of the two heads of state. Exchange of views with consensus. Minister of Commerce Zhong Shan attended the call.

Prior to that, at the meeting of the heads of state of China and the United States on June 29, the two heads of state reached a consensus that the two countries would resume economic and trade negotiations on the basis of equality and mutual respect. The United States said it would no longer impose new tariffs on Chinese exports. The economic and trade teams of the two countries will discuss specific issues.

Another thing is that Huawei Hongmeng is finally coming.

According to media reports, Huawei Terminal will unveil the mystery of Hongmeng at Huawei Global Developers Conference next month. Huawei Global Developers Conference is currently scheduled to be held in Dongguan Songshan Lake from August 9 to August 11. This is not the first time Huawei has held a conference for developers, but it is the largest conference ever held. It has invited 1500 partners and 5000 global developers.

What does Ren Zhengfei think of the lifting of the ban in the United States?

Although Huawei has not yet responded, it is not difficult for us to feel calm and calm by combing the previous Zhengfeis statements.

On May 16, nearly two months ago, the U.S. Department of Commerce listed Huawei and its subsidiaries on the basis of Huaweis involvement in acts against the national security or diplomatic interests of the United States.

Photo Source: Every photo taken by reporter Liu Ling

A few days later, the U.S. Department of Commerce issued a Temporary General License (TGL) valid for 90 days. In the meantime, some American companies are still allowed to export, re-export to Huawei, or transfer American products and technologies from the United States to Huawei.

In an interview with the British media Financial Times on June 24, Ren Zhengfei once again talked about this topic. He said: The sales plan formulated at the beginning of this year was 135 billion US dollars. Now it may drop to about 100 billion US dollars. Our net profit may be about 8 billion US dollars. Why didnt I listen much to the financial report? The numbers they report are much better than I thought, so let them go back and do a good job. Dont waste time reporting.

Ji Zihuawei Heart-voice Community

On July 9, Huaweis internal communication platform Xinsheng Community Official Website sent Ren Zhengfei an interview with the French weekly Viewpoint. It is noteworthy that the interview took place on June 19.

I dont know what Trump thinks. I guess its political. In communications technology, the United States has no 5G, no optical exchange, many things it does not have, there is no technology competition. In the telecommunications equipment industry, the United States and we do not have similar commodity companies, so there is no commodity competition.

They beat us for no reason. They dont know what his purpose is. But objectively, it should have helped Ericsson and Nokia, that is to say, helped Europe. We are also very happy, as long as human use Ericsson, Nokia products, human beings have been served, but also my ideal, not necessarily our own service.