Huawei could sell its 5G assets to a Western company
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Despite all the U.S.-imposed sanctions and the international outcry, Huawei is still holding its own and is constantly proving that it can adapt to any situation. As one of the most prominent 5G promoters, the Chinese company has faced multiple allegations regarding the questionable security of its 5G-enabled equipment. The U.S. and several other countries around the world even banned Huawei from supplying 5G technology, claiming that Huawei is cooperating with the Chinese intelligence. All the accusations have been relentlessly denied by Huawei, but it looks like the company is willing to make some concessions in order to redeem its 5G stigma.
In a recent interview with The Economist, Huawei’s founder and CEO Ren Zhengfei revealed that he may opt to sell part of the 5G business to a Western company. This would allow the buyer to gain access to Huawei’s portfolio of 5G patents, licenses, code, technical blueprints and production expertise. However, Huawei would still retain the possibility to change elements of the source code for 5G equipment integrated with its own products.
Zhengfei did not specify any potential price for the deal, and it is unclear if Huawei will be targeting an existing company, or a newly-created entity. It probably will not be one of Huawei’s OEM competitors, but companies like Qualcomm or Broadcom could still make the cut.