Huawei’s business appears to be getting a slight reprieve from a US trade ban which has pressured the firm over the past year.

Huawei was added to the US Chamber of Commerce’s so-called Entity List earlier this year; meaning American companies are banned from doing business with Huawei without explicit permission. The decision was reinforced in July when the FCC officially designated Huawei a national security threat.

Although Huawei has increased the production of...