Huawei has largely denied in terms of official US accusations about spying and working for the Chinese government.
Mr. Schmidt took aim at both Huawei's practices and the current US administration last week over the state of affairs.
Its addition to the list in 2019 prevents any US companies, without a special license, from participating in business with Huawei.
The US government has been strongly demanding its allies to cease interactions with Huawei throughout the Trump Administration.
The US government is willing to finance 5G telecom purchases to help others step away from Huawei, the Associated Press reports.