Huawei, says it is contemplating liciensing or selling off its 5G business to an American company.
According to a report, Huawei’s CEO said that his company is open to sharing its 5G technologies and techniques with U.S. companies, so that they can build up their own 5G industry.
The US has banned the use of Huawei network equipment in the country. This statement by the Huawei CEO might be a way out of the face-off. Huawei is doing well in 5G around the world though, but it clearly wants the US ban lifted.
The development could be good news to the United States too, but will this go down well with the Chinese authorities? The US is yet to have 5G manufacturer, it currently depends on other countries. The available 5G equipment manufacturers are Huawei, ZTE, Nokia, and Ericsson.
Huawei offers the most cost-effective solutions of these companies and is closely followed by ZTE.