FILE PHOTO: mobile phone Huawei founder, Ren Zhengfei, participated in a panel discussion at its headquarters in Shenzhen, Guangdong province, China, and the 17th of June, 2019 at the latest. (REUTERS photo/Aly Song, File/Photo
SHANGHAI (Reuters) – Huawei Technologies Co., Ltd, is not engaged in a U.S. business, the company’s proposal in order to alleviate concerns about the safety and security of the platform, through the licensing of its 5G network technology, the company’s founder and CEO, Ren Zhengfei, said on Wednesday.
A Huawei executive told Reuters in October that the company was in the early stages of discussions with a number of U.S. telecommunications companies about licensing the technology, but cautioned that talks were at an early stage, and it would probably take a long time to close.
The idea of a one-time fee in exchange for access to the Huawei’s 5G patents, licenses, or code and the know-how, for the first time, have been suggested due to the Run-in to the interview with the New York Times and the Economist, at the end of September. However, it was not clear if there was any interest from US-based companies.
“At present, there are no US companies to talk directly to us, as agents, who have come to talk do not necessarily represent large U.S. companies, as this is a large and difficult introduction,” Ren said in an interview broadcast by the company.
“It is only when a person is willing to come in and discuss this issue with us, we are looking for an investment bank to assist us in finding a mediator to discuss a deal, agreement and co-operation, but not yet,” he said.
The U.S. government, out of fear of Huawei’s equipment could be used by China to spy, installed the world’s largest telecom supplier, is on a black list, a ban on the purchase of American-made parts, and a campaign to persuade the allies to bar their 5G networks. It also resulted in criminal charges against the company, alleging the bank fraud, in violation of U.S. sanctions against Iran, and the theft of trade secrets and trade dress, all of which Huawei denies it.
Ren said on Wednesday that the company was very good to deal with the country’s black list, and Huawei, had to continue to innovate, and without the AMERICAN support, even though he had hoped that the ban would not be a problem in the long run.
He said that the company expects to sell 240-250 million smartphones this year.
Huawei said last month that it sold more than 200 million phones in the year to Oct. 23, hitting the milestone of more than two months earlier than in 2018.
Reporting by Brenda Goh; Additional Reporting by David Kirton-in Beijing; Editing by Elaine Hardcastle