As is well known, Huawei is interested in developing electric vehicle components, which is seen as the next big thing in the world of technology.
In recent years, Huawei‘s thriving business had taken a turn for the worst when the United States included the Chinese company on its Entity List. This effectively prohibits Huawei from doing business with US-based companies.
With almost no mobile phone business and a mobile phone and chipset business, Huawei began to focus on other businesses, including PCs and autos. Now, it looks like the company has fiinally got its long-awaited good news.
Reuters reported that the United States has approved a licensing application worth hundreds of millions of dollars for Huawei Technologies to buy chips in its growing auto components business. It should be noted that automotive chips are considered not very sophisticated, thus lowering the bar for approval.
Reporting from Gizmochina (August 26), someone familiar with the licensing agreement claims that Huawei is getting approval for chips in vehicles that may have other components with capabilities 5G.
As is well known, Huawei is interested in developing electric vehicle components, which is seen as the next big thing in the world of technology. Earlier this year, the company unveiled its ADS autonomous driving system solution, which was first showcased at the BAIC Arcfox Alpha S. It is the first smart electric vehicle equipped with Huawei’s lidar solution and the first model to be equipped with the HarmonyOS operating system.
While Huawei did not comment on licensing approvals, a company spokesperson said that it is positioning itself as a provider of new components for smart connected vehicles to help automakers produce better cars.