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

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. QCOM, +1.27% , Intel Corp. INTC, +2.15%  and Alphabet Inc.’s GOOGL, +0.68%GOOG, +0.71%  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. MU, +3.67% , Western Digital Corp. WDC, +5.43% , Cisco Systems Inc. CSCO, +0.65%  and Broadcom Inc. AVGO, +2.12% 

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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