(Reuters) – The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.
FILE PHOTO: The U.S. flag and a smartphone with the Huawei and 5G network logo are seen on a PC motherboard in this illustration taken January 29, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
The U.S. Commerce Department and other agencies signed off on the rule change, which is awaiting publication in the Federal Register, Reuters reported, citing people familiar with the matter. The rule was sent to the Federal Register on Friday and is set to be published as early as Tuesday.
U.S. Commerce Secretary Wilbur Ross confirmed the action in a statement to Reuters.
“The United States will not cede leadership in global innovation,” Ross said. “The department is committed to protecting U.S. national security and foreign policy…
Source news reuters.com, click here to read the full news.