BIS OKs Billions Worth of Licenses for Huawei, SMIC Suppliers

The Bureau of Industry and Security approved $100 billion-plus worth of export licenses for shipments to Huawei and top Chinese chipmaker SMIC Nov. 9 through April 20, per documents released Thursday by the House Foreign Affairs Committee. BIS said it approved 113 licenses for Huawei -- about 70% of applications received -- for more than $61 billion worth of goods. The agency greenlit 188 licenses for SMIC -- about 90% -- for more than $41 billion. BIS denied two applications for Huawei and returned 48 without action during that period. It denied one for SMIC and returned 17. The companies are on the BIS parent agency's Commerce Department entity list.