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United States shook the tech world in may, when it purposefully banned its companies to share technology, software and hardware with Chinese Technology giant, Huawei. Huawei's smartphone segment largely depends on U.S. technology and software due to which fate of the company's smartphone department looked in danger.
However, at the G20 summit held in Japan last month, U.S. president Donald Trump announced that U.S. companies will be allowed to do business with Huawei and provide the needed hardware and software to the Huawei smartphones. The announcement came after many U.S. based companies lobby for resuming trade due to a major cut in their sales in profit.
Huawei is the World's 2nd largest smartphone manufacturer after Samsung and it purchases $20 Billion worth of technology from U.S. based companies per year. American companies successfully lobbied its Government and U.S. commerce and trade department to lift the ban because they were started facing huge losses and were forced to downsize that would result in firing a lot of employees.
Now recently it has been reported that Huawei's licence which was revoked in May will be approved for trading within two weeks. The licence will have some restrictions and new policies for U.S. suppliers and Huawei both. On the other hand, Huawei has started working on its own Operating System to quite its dependency on Google while it has already been manufacturing chips and other technology.
