Gina Raimondo, the nominee for Secretary of the Commerce Department following the election of Joe Biden as the new US President, said she saw no reason for Huawei’s removal from the blacklist.
Chinese tech giant Huawei, which has been banned from working with US companies by the Trump administration, had its revenues declining following a meteoric rise. Reports indicate that this situation will continue despite the change of US President.
Huawei tried to combat this negative process by announcing its own software ecosystem with Harmony OS at its center, but things continued a downhill journey. In the end, Huawei had to sell its own Honor brand to a government-backed consortium. According to Bloomberg’s latest report, this will not improve for Huawei, at least until the near future.
There’s no reason for them to be removed from the blacklist.
Gina Raimondo, who was nominated by US President Joe Biden to the post of Secretary of the Commerce Department, said in a statement that she did not see any reason for removing Huawei and other companies added to the asset list from the blacklist:
“I know that the parties are often placed on the Asset List and the Military End User List because they pose a risk to U.S. national security or foreign policy interests. I have no reason to believe that the companies on this list should not be there at this time.”
Following the sale of the Honor brand, Huawei was said to be in talks to sell its P and Mate flagship brands. But the problem with the company is not just smartphones. Because cutting off access to the semiconduutical industry has also damaged the company’s goals with other consumer electronics products such as Huawei’s HiSilicon Kirin chipset series and PC models. The company is trying to make a splash by launching a new foldable phone model, the Huawei Mate X2, in China on February 22.