In the past couple of years, Huawei’s thriving business has taken a turn for the worst when the United States put the Chinese company in its Entity List, effectively banning the company from doing business with the US-based firms.
With smartphone and chipset business almost non-existent, the Chinese giant has started focusing on other businesses, including PC and auto. Now, it seems that Huawei is finally getting some long-overdue good news.
A new report from Reuters indicates that the United States has approved license applications worth hundreds of millions of dollars for Huawei Technologies to buy chips for its growing auto components business.
It’s noteworthy that auto chips are not considered sophisticated, thus it lowers the bar for getting approval. A person aware of the license approval claims that the company is getting approval for chips in vehicles that may have other components with 5G capability.
As noted, Huawei has taken interest in developing components for electric vehicles, which is being seen as the next big thing in technology. Earlier this year, the China-based company unveiled its autonomous driving system solution ADS, which was first showcased on the BAIC Arcfox Alpha S. The car is the first smart electric car equipped with Huawei’s lidar solution and the first model equipped with Huawei Harmony OS car system.
While Huawei didn’t comment about the license approval, the company’s spokesperson has said that the company is positioning itself as a new component provider for intelligent connected vehicles with an aim to help car OEMs (manufacturers) build better vehicles.
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