Huawei founder Ren Zhengfei plan to license 5G Technology to US Competitor

Huawei founder Ren Zhengfei plan to license 5G Technology to US Competitor

Huawei founder Ren Zhengfei has recently commented that the Chinese telecom giant is looking forward to license its 5G technology exclusively to a US telecom company. Huawei has been leading the 5G segment with software technology and hardware and the company has been banned in many countries, mainly due to pressure from United States government. The US government has warned many countries across the world about usage of 5G technology from Huawei due to risks associated with data collection and spying.

Huawei founder Ren Zhengfei said that creating a competitor in the United States would help his workers take their job seriously and work harder in creating better technology. He added that he likes healthy competition and also Huawei will make a lot of money from licensing its technology. Another reason for this decision could be the fact that Huawei will find it very difficult to enter the US market, considering the hostile attitude of US government.

Talking about his decision, Zhengfei said, “First, we will get a lot of money from the licensing. That will be like adding firewood to fuel our innovation on new technologies. It will mean that we will have a better chance of maintaining our leading position.”

He added, “Second, we will bring in a strong competitor. This will prevent our 190,000 employees from becoming complacent. They’ll know that if they sleep on the job, they might wake up and find they have lost their jobs. Sheep become stronger when they are chased by wolves.”

That seems like a strange way to motivate your employees. But, it could have a hidden agenda. Huawei will make money from licensing when it can’t directly enter 5G segment in the United States.

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