CEO says Huawei willing to licence 5G know-how to US firm

CEO of embattled Chinese firm says he's not afraid of creating a rival by licensing advanced mobile phone technology.

    China's Huawei, the world's biggest telecommunications equipment maker, has been caught in the middle of the US-China trade war [File: Aly Song/Reuters]
    China's Huawei, the world's biggest telecommunications equipment maker, has been caught in the middle of the US-China trade war [File: Aly Song/Reuters]

    Huawei Technologies founder and CEO Ren Zhengfei said on Thursday the Chinese company is willing to license its 5G mobile technology to a firm in the United States, as it seeks to alleviate security concerns over its products.

    Ren told reporters he was not afraid of creating a rival by making Huawei's technology available to competitors, and the offer could also include chip design know-how.

    Huawei, the world's largest telecoms gear maker, has been on a US trade blacklist since May over concerns that its equipment could be used by Beijing to spy. Huawei has repeatedly denied such allegations.

    The sanctions cut off Huawei's access to essential US technologies. The latest version of its Mate 30 flagship phone, unveiled last week in Europe, will not come with Google Mobile Services.

    Ren's remarks come after he said this month that he is open to selling the firm's 5G technology - including patents, code, blueprints and production know-how - to Western firms for a one-off fee.

    The offer to license out 5G technology marks the latest attempt by Huawei, also the world's No.2 smartphone vendor, to minimise the impact of the US trade ban. It expects a drop of some $10bn in revenue from its phone business this year.

    SOURCE: Reuters news agency