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Chronicles

The story behind the story

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Qualcomm has received a US license to sell some 4G smartphone chips to Huawei

(Reuters) - Qualcomm Inc on Friday received a license from the U.S. government to sell 4G mobile phone chips to China's Huawei Technologies Co Ltd, an exemption to U.S. trade restrictions imposed amid rising tensions with China.

Reuters Stephen Nellis

Context & Ripple Effects

This license is the partial answer to Qualcomm's summer lobbying push in Washington for permission to keep selling chips into Huawei's phones — though the approval covers 4G silicon, not the 5G parts Qualcomm actually asked for. The company had already telegraphed the arrangement in its Q3 report, which flagged a Huawei license deal alongside flat year-over-year revenue.

The stakes run both ways: Huawei was Qualcomm's chipset customer before the sanctions cut it off, and within months of this approval Qualcomm would be struggling to meet demand as the chip shortage compounded sanctions-related constraints. The license also proved reversible — by early 2023 the Biden administration was weighing pulling these same export permits.

First-order effects

  • Qualcomm regains a sanctioned revenue stream, but only at the 4G tier — its higher-margin 5G chips to Huawei remain blocked despite the lobbying effort.

Second-order effects

  • Huawei can ship mid-range 4G handsets again but stays locked out of premium 5G devices, pushing it to lean harder on domestic suppliers — a shift visible in later teardowns showing Chinese-made components climbing from roughly a third to over half of its flagship phones.

Third-order effects

  • Export licenses become a granular, revocable policy instrument rather than a blanket ban — a structure the Biden administration's later review of revoking Qualcomm's and Intel's permits put to the test, leaving suppliers' Huawei business permanently contingent on Washington's next review.

The trend: US chip export controls are evolving from blanket bans into selectively granted, revocable licenses that ration access to the Chinese market while accelerating Huawei's supply-chain localization.

Discussion

  • @andyboxall Andy Boxall on x
    The US stops Huawei building it's superior Kirin chips, but it's fine for US company Qualcomm to corner the phone chip market even more. “Security risk,” my backside. TSMC should be given a licence and so should Google, to help stop this deal stinking. https://www.reuters.com/...
  • @stephennellis Stephen Nellis on x
    Link here. No word on precisely which 4G products, but they are related to mobile devices. And no word on 5G licenses - only that $QCOM still has other license applications pending. https://uk.reuters.com/... https://twitter.com/...
  • @mytechmusings @mytechmusings on x
    Not sure how much this well help either company. Without #5G @Huawei can't sell in the top-tier & @Qualcomm will only see small bump in its chipset volume. Barely allows @Huawei to survive by selling in mid/low tier & non-5G markets https://www.reuters.com/... @Reuters #security