Talks yet to start with US companies for 5G technology license: Huawei Founder

Huawei founder and CEO, Ren Zhengfei has denied the report of early talks to license 5G technology with any U.S. company so far.

In September, Ren proposed an offer of a one-time fee for 5G network technology that would allow the other company to access to Huawei’s existing 5g patents, licenses, code, technical blueprints, and production know-how.

A senior executive from Huawei told last month, that Huawei has begun early-stage talks with some US telecoms about licensing its fifth-gen network technology.

“There are currently no U.S. companies talking to us directly because middlemen who have come to talk do not necessarily represent the big U.S. companies, as this is a big and difficult introduction,” said Ren, reported Reuters.

“It is only when someone is willing to come and discuss this issue with us will we find an investment bank to help us find an intermediary to discuss the deal, contract, and cooperation, but not yet,” he added.

The US alleged Huawei as a national security threat and blacklisted the Chinese tech giant, without showing any evidence and prohibited its business with the US firms.

Ren said the company is doing its best in the challenge of US blacklisting and Huawei will continue to innovate without the support of the U.S.