US says it is creating a 90-day temporary general license for Huawei and 68 entities

US Commerce Department

• Says it is revising entity list restrictions on Huawei so existing customers can maintain networks
• Allows Huawei to provide service and support, including software updates or patches to existing Huawei handsets
• Says it is creating a 90-day temporary general license for Huawei and 68 entities through to the 19th of August

Headlines via Reuters

US Commerce Dept. ever so slightly pulling back the restrictions on Huawei. Tech stocks on the US have been hit on the Huawei developments over the weekend and into Monday.

Earlier developments ICYMI:

• US-China speculation: China to suspend business with suppliers who agreed to halt supplying Huawei
• China says 'wait and see' for countermeasures on Huawei case