News Snapshot:
The US Commerce Department has denied any loosening of its trade restrictions on Huawei Technologies – but did not refute reports that the Chinese tech giant has won approval to procure American semiconductors for its automotive parts business. “The policy has not been eased or amended,” said a department spokesperson said on Friday. The department was responding to the outcry that followed the recent news that it had approved giving an exemption to Huawei, which has been on the department’s “entity list” and prohibited from doing business with American suppliers, to buy auto chips. US gives Huawei approval for auto...
