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WHITE HOUSE’S BUDGET OFFICE WANTS HUAWEI (SHE: 002502) BAN DELAYED

  • Office of Management and Budget asks Congress to delay a ban for two years
  • Companies need time to extricate themselves from doing business with Huawei

The White House Office of Management and Budget is asking US Congress to delay a ban on US companies against doing business with Chinese tech giant Huawei (SHE: 002502) for two years.

The Office said in a statement that a request to Congress is based on the need for impacted US companies to “have time to extricate themselves from doing business with Huawei and other Chinese tech companies listed in the NDAA”.