‘No American companies talking to us’, Huawei founder on buyers for company’s 5G tech | HT Tech

‘No American companies talking to us’, Huawei founder on buyers for company’s 5G tech

Huawei is expecting its 2019 smartphone shipments to jump as much as 21% to 250 million units, defying a US export ban.

By: BLOOMBERG
| Updated on: Nov 06 2019, 18:48 IST
Huawei’s founder says no buyer yet for its 5G technology
Huawei’s founder says no buyer yet for its 5G technology (REUTERS)

Huawei Technologies Co.'s billionaire founder Ren Zhengfei said there have been no direct talks between the firm and any US company since his offer to license the Chinese giant's full portfolio of fifth-generation network technology.

His comment contradicts earlier reports that the Chinese telecom gear giant is in talks with potential buyers on a sale.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

"There are no American companies talking to us," Ren told a panel in Shenzhen moderated by Bloomberg Television. "Because it's a very big and difficult decision to make, the big companies need to consider it seriously," he said. Should a buyer appear, investment banks may be called in to facilitate a deal, he added.

Also read
Looking for a smartphone? To check mobile finder click here.

In September, Ren said Huawei is ready to license its 5G technology, including chip designs, hardware and source code, to a single, exclusive licensee. That should be a U.S. company because Europe is home to close competitors like Nokia Oyj and Ericsson AB and doesn't need help to compete, he added.

Huawei, accused by Donald Trump's administration of aiding Beijing in spying while spearheading China's tech-superpower ambitions, is trying to claw back business and shore up trust in its products. The company has repeatedly denied such allegations.

The world's second-largest smartphone maker is expecting its 2019 smartphone shipments to jump as much as 21% to 250 million units, defying a US export ban that cuts Huawei off from key American components.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 06 Nov, 18:48 IST
NEXT ARTICLE BEGINS