The best regulated crypto exchange
Find out why?

Huawei CEO signals its openness to license 5G tech to American firm

By Lawrence Gash

Ren Zhengfei, founder and CEO of Huawei Technologies has stated his willingness to license its 5G mobile technology to an American firm, Reuters reports.

Huawei, one of the largest phone manufacturers in the world, has been on a U.S. ‘entity list’ since May due to concerns that its equipment could be used by Beijing to spy.

The sanctions cut off Huawei’s access to essential U.S. technologies.

The latest version of its Mate 30 flagship phone will not include Google Mobile Services.

However, American firms such as Micron and Intel have reportedly made efforts to circumvent the sanctions.

Ren stated the offer could also include chip design information and that he was not afraid of creating a rival by making Huawei’s technology available to competitors.

The offer to license out 5G technology marks the latest attempt by Huawei, to reduce the impact of the U.S. trade ban.

It expects a hit to revenue of around $10bn from its phone business this year.

Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image