The U.S. has thrown Huawei Technologies a lifeline, but it likely isn’t doing it for the Chinese company’s sake.
Last Wednesday, the Commerce Department added Huawei and 68 affiliates to its prohibitive “entities list”—a catalogue of companies considered threats to national security. Entities on the list are required to apply for special permission to purchase components from U.S. companies, with the understanding that approval will likely be denied.
