Huawei Billionaire Dangles 5G Secrets to Create a U.S. Foe
- Europe doesn’t need help in networking, Ren Zhengfei says
- Targeted by U.S., Huawei is struggling to build trust globally
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Huawei Technologies Co. founder Ren Zhengfei is ready to license his fifth-generation networking technology only to one other company -- and he wants that potential arch-rival to be American.
The army officer-turned-billionaire reiterated an offer Thursday to license out Huawei’s full portfolio of 5G wireless technology -- which would include 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.