PHILO PHOTO: Qualcomm’s logo unveiled at Mobile World Congress in Barcelona, Spain, 28 February 2017. REUTERS / Eric Gaillard
(Reuters) – Chipmaker Qualcomm Inc. Lobbying US Government to Purchase Restrictions on Component Sales to Huawei Technologies Co. [HWT.UL], after the Chinese company was blacklisted by the United States, The Wall Street Journal reported on Saturday.
Qualcomm is lobbying to sell chips to Huawei that the Chinese company would include in its 5G phones, according to the report, with a quote from a presentation by Qualcomm.
With these restrictions, the US has given Qualcomm’s foreign competitors a market worth up to $ 8 billion annually, the report said.
Qualcomm did not immediately respond to a Reuters request for comment.
The company last month signed a licensing agreement with Huawei, which will pay Qualcomm a $ 1.8 billion receipt in the fiscal fourth quarter.
Report by Juby Babu in Bengaluru; edited by Diane Craft