- U.S. officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.
Auto chips are generally not considered sophisticated, lowering the bar for approval. One person close to the license approvals said the government is granting licenses for chips in vehicles that may have other components with 5g capability. A Huawei spokeswoman declined to comment on the licenses, but said: "We are positioning ourselves as a new component provider for intelligent connected vehicles, and our aim is to help car OEMs build better vehicles."Citing threats to U.S. national security and foreign policy interests, the U.S. has gone to great lengths to slow the growth of Huawei's key communications-related business.
Underscoring the shift into smart cars, the company's rotating chairman Eric Xu announced pacts with three state-owned Chinese carmakers, including BAIC Group, to supply "Huawei Inside", a smart vehicle operating system, at the Shanghai Auto Show earlier this year.
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