As you probably know, after the US government imposed further sanctions on the Chinese smartphone giant Huawei this May, Samsung stopped supplying it with memory chips and OLED panels. However, the South Korean tech giant has applied to the US Department of Commerce for a license that would allow it to keep Huawei as a client. And now it looks like OLED displays can deliver it again.
According to a new report from South Korea, Samsung's Samsung Display division has received approval from the US government to supply some display products to Huawei. Samsung Display is the first company to receive such approval since the sanctions against Huawei took effect a few weeks ago. The US government was able to grant this license to Samsung because display panels are a less sensitive issue for it, and Huawei already receives panels from the Chinese firm BOE.
You could be interested in
Similar licenses were previously granted by the US Department of Commerce to AMD and Intel. These now supply the Chinese technology giant with processors for its computers and servers. However, Huawei still has a problem with securing the supply of memory chips - the report does not mention how things will continue in this area.
The sanctions imposed against Huawei had a fairly significant negative impact on Samsung's display and chip divisions. However, Samsung compensated for the financial losses caused by this with very good results of its smartphone division, especially in the European and Indian markets. Sanctions against Huawei are also being used by its telecommunications division - recently, for example, it concluded a contract worth $6,6 billion with the American company Verizon, with which the largest mobile operator in the USA will ensure the supply of its equipment for the 5G network for five years.
