Huawei CEO Ren Zhengfei says willing to license 5G tech to US firm

In a photo taken on Aug 20, Huawei's founder Ren Zhengfei speaks during an interview. Ren said on Sept 26 that the company is willing to license its 5G mobile technology to a US company.
In a photo taken on Aug 20, Huawei's founder Ren Zhengfei speaks during an interview. Ren said on Sept 26 that the company is willing to license its 5G mobile technology to a US company.PHOTO: AP

HONG KONG (REUTERS) - China's Huawei Technologies founder and CEO Ren Zhengfei said on Thursday (Sept 26) the company is willing to license its 5G mobile technology to a US company, as the telecoms gear maker seeks to alleviate security concerns over its products.

Ren also told reporters that he was not afraid of creating a rival and the offer could also include chip design know-how.

His remarks come after Ren said this month that he is open to selling the firm's 5G technology - including patents, code, blueprints, production know-how - to Western firms for a one-off fee.