Ren Zhengfei Huawei CEO

Huawei is offering to sell its 5G technology patents to a Western company in a bid to quell fears about security.
The US has urged allied nations to reject Huawei’s 5G kit on national security grounds, claiming that Huawei is a conduit for Chinese state spying. Huawei denies this.
CEO Ren Zhengfei told The Economist that the one-off sale of its 5G patents could create a viable competitor for Huawei.
Ren said he had “no idea” of who might want to take the offer.
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Huawei is trying an unusual tactic to try and break its deadlock with the US government. It’s offering to sell the rights to all its 5G patents in a one-time-only offer.

Huawei’s CEO Ren Zhengfei told the Economist’s Hal Hodson that the company is offering to bundle up its 5G patents, licenses, code, and technical blueprints in a one-off transaction.

The idea is to create a rival for the Chinese tech giant. “A balanced distribution of interests is conducive to Huawei’s survival,” Ren told Hodson.

Ren said he had “no idea” who might be interested in buying, and did not put a figure on how much Huawei’s 5G “stack” might be worth. Hodson said it could …read more

Source:: Businessinsider – Tech


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