Billions Worth of American Tech Licenses Approved for Blacklisted Chinese Companies

People walk past a billboard advertising Chinese tech company Huawei at the PT Expo in Beijing, China, on Oct. 14, 2020. Mark Schiefelbein/AP Photo

Suppliers to two blacklisted Chinese companies—telecom giant Huawei and China’s top chipmaker SMIC—were approved to receive billions of dollars worth of licenses for U.S. technologies shipments between November and April, documents released by the House Committee on Foreign Affairs on Oct. 21 detail.

Some 301 licenses worth a total of $103 billion were approved for suppliers to sell goods to Huawei and SMIC, according to the documents prepared by the Commerce Department.