Ren Zhengfei says he is ready to sell Huawei’s 5G tech to a Western buyer

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The comments from Ren come as the Chinese telecoms giant remains mired in the middle of the US-China trade war.

Ren said Huawei is willing to give buyers perpetual access to its existing 5G patents, licences, code, technical blueprints and production know-how for a one-time fee. — SCMP

The comments from Ren come as the Chinese telecoms giant remains mired in the middle of the US-China trade war and after it was put on a US trade blacklist in May on national security grounds. This has curtailed its attempts to roll out its next generation 5G network technology across the globe, with the US alleging that its equipment could be used for espionage activity by China’s intelligence agencies.

Despite these challenges, the Shenzhen-based company saw its global share of telecoms equipment expand to 28.1% in the first half of this year, and it also remains ahead in the 5G gear market with 50 announced commercial 5G mobile network deals. Analysts however, have warned about the future impact of the US trade ban on Huawei’s overseas business in particular.

 

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