Huawei's CEO extended an olive branch to the Trump administration, offering to license his company's 5G technology to U.S. companies, so America can build up its 5G industry. This post has been updated to clarify CEO Zhengfei Ren's comments reported in the New York Times.
“the U.S. side has to accept us at some level for that to happen.” Currently, the use of Huawei equipment is banned from U.S. networks over concerns that it could be used by the Chinese government as a method to spy or disrupt telecom systems.earlier this week by New York Times columnist Thomas Friedman, would essentially allow the U.S. to finally get in the race for 5G supremacy which is now dominated by Chinese firms Huawei and ZTE, Ericsson of Sweden and Nokia from Finland.
Ren added that the American licensees will be able to sell their 5G equipment based on Huawei's intellectual property anywhere in the world, except in China.The CEO's offer of licensing Huawei's crown jewels—5G will be the core technology used in all of the world's telecommunications infrastructure for at least the next decade—came as a shock, both outside but also inside the world's largest maker of 5G networking equipment.
On the technology side—although there are many political ramifications to this, including the fact that the Chinese government might not like to see the most valuable assets of its most valuable tech company land in U.S. hands, my goal here is to discuss the impact this olive branch will have on the technology sector—Lucent, which used to be part of A&T, was the last U.S.
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »