FILE PHOTO: Huawei founder Ren Zhengfei attends a panel conversation at the company headquarters in Shenzhen, Guangdong province, China June 17,2019 REUTERS/Aly Song/File Image
SHANGHAI (Reuters) – Huawei Technologies Co Ltd is not yet straight engaged with any U.S. business over the firm’s proposition to ease concerns about the security of its platform by certifying its 5G network technology, its creator and CEO Ren Zhengfei said on Wednesday.
A Huawei executive informed Reuters in October that the business was in early stage talks with some U.S. telecoms companies about licensing its innovation however alerted that conversations were at an early phase and would likely take a long time to conclude.
The idea of a one-off charge in exchange for access to Huawei’s 5G patents, licenses, code and know-how was very first drifted by Ren in interviews with the New York Times and the Economic Expert in September. But it was not clear whether there was any interest from U.S. companies.
” There are presently no U.S. companies talking with us directly, due to the fact that middlemen who have actually pertained to talk do not always represent the big U.S. companies, as this is a huge and difficult intro,” Ren said in a conversation broadcast by the company.
” It is only when someone is prepared to come and discuss this problem with us will we find an investment bank to assist us find an intermediary to discuss the offer, agreement and cooperation, however not yet,” he stated.
The U.S. federal government, fearing Huawei’s devices could be utilized by China for spying, put the world’s biggest telecoms equipment supplier on a blacklist banning it from purchasing American-made parts and has actually led a campaign to convince allies to disallow it from their 5G networks. It has actually also brought criminal charges versus the business, alleging bank scams, infractions of U.S. sanctions versus Iran, and theft of trade secrets, all of which Huawei denies.
Ren said on Wednesday that the company was coping well with the U.S. blacklisting and Huawei was continuing to innovate without U.S. support, despite the fact that he hoped the restriction would not be a long-term concern.
He stated that the company expects to offer 240-250 million smart devices this year.
Huawei said last month that it had offered more than 200 million phones in the year to Oct. 23, hitting that turning point more than two months earlier than it performed in2018
Reporting by Brenda Goh; Additional Reporting by David Kirton in Beijing; Editing by Elaine Hardcastle