Huawei CEO Ren Zhengfei has proposed a US company take the company's offer of a licence on its 5G technology. This would create a better balance in the world, with a US competitor to network equipment makers in Korea, Japan, China and Europe, he said.
The exclusive license would help the American firm achieve economies of scale to support developing its business, Ren told CNBC’s Christine Tan at a panel discussion at Huawei’s headquarters in Shenzhen, China. The license would include Huawei’s proprietary 5G tech, including source code, hardware, software, verification, production, and manufacturing know-how, the CEO. If needed, Huawei could also license the design of the chipsets, he added.
The US government has alleged that Huawei’s 5G tech could enable the Chinese government to spy on other countries and has urged allies to ban the company. Huawei has repeatedly denied that its products represent any risks. The company is currently facing a ban on US companies doing business with the group, which has limited its choice of suppliers for key products such as its latest flagship smartphone. US government agencies are also banned from using Huawei products.
