Despite making progress in some areas, Huawei is still having problems due to the US government’s trade blockade. This is because the company cannot access a number of markets with its 5G technology.
As a result, some executives at the Chinese giant have raised the idea of selling patents, licenses, and other equipment to a western company. Now Huawei founder Ren Zhengfei himself has confirmed that this option is on the company’s radar.
For the executive, this is the best way for China to dispel any privacy concerns raised by the United States. At a news conference, Ren also said he is not afraid to “create a rival” very powerful with his own technology.
Despite being considered a risky move, Ren believes that selling all Huawei’s 5G technology should include patents, codes, designs, chip design, and even some production know-how. In addition, the Chinese must offer all this to some US companies.
So, if you find one interested, the transaction must be made with a single value. Still, if it can’t sell its technology, Huawei should remain profitable in the 5G market. Ren said the department’s revenue could reach up to $ 10 billion by the end of this year.
However, the executive did not comment on any details involving the new Mate 30. As we know, because of the trade war, mobile phones were made official without any Google service. Therefore, their launch in the western market may take longer than expected.