A number of U.S. tech firms are reportedly planning to reconnect with Chinese tech equipment giant Huawei following Donald Trump's announcement that he is finally allowing American companies to sell parts to China's leading tech firm.
According to CNBC, Microsoft and other semiconductor brands are making the swift move to recover partnership deals with Huawei. A spokesperson for Microsoft noted that the company will continue to roll out software updates for their customers using Huawei gadgets.
"We're still providing Windows software updates to customers with Huawei laptops," the spokesperson said amid increasing hopes for the ban to be lifted completely now that the U.S. President has softened his stance on the company.
Google, who first cut ties with its Chinese business partner in May shortly after Washington announced the blacklisting, has yet to comment officially on the question of whether it will continue rolling out Android updates or not.
Despite hopes for Huawei to get back to business with its U.S. counterparts, Trump's top economic advisor Larry Kudlow reiterated that the Chinese tech behemoth is still in the White House Entity List and it will still be restricted from a number of business dealings with American brands.
CNN noted that during Trump's speech at the G20 Summit over the weekend, the American leader appeared to acknowledge the woes of U.S. tech equipment providers that rely largely on Huawei for sales.
"The (US) companies were not exactly happy that they couldn't sell," Trump said. He later announced that he will allow American tech brands to sell components and related tech parts to the Honor maker as long as the security threats are trivial.
Huawei has repeatedly denied accusations that its devices and equipment posed national security threats to user countries. The company also denied allegations that it is being used by the Chinese government to spy on other nations.
The surprise redemption of China's biggest tech company during the Japan world leaders' summit made investors move positively on Monday, multiple outlets confirmed. Tech stocks rallied following Trump's announcements.
Unsurprisingly, Asian stocks led the way in showing optimism over Trump's teasing of a complete ban lift, Reuters reported. Both Shenzhen Goodix Technology and BOE Technology Group saw 10 percent increases on their daily limit.
Among the other Asian stocks that soared on Monday are OFILM Group Co. Ltd., Shennan Circuits, and Shenzhen Sunway Communication as investors showed support for the big news. Huawei refused to comment on the possibility of Washington lifting the ban but it confirmed that it acknowledges Trump's statements.
