Huawei’s CEO Zhengfei: Would sell 5G know how to address security concerns

Dhwani Mehta FXStreet

In interviews overnight with the Economist and the New York Times, the Chinese technology giant, Huawei, Chief Executive Officer (CEO) Ren Zhengfei made a proposal to sell its 5G know-how to a Western firm, in an effort to address security concerns.

Further Details:

A buyer would then be free to change the software code.

Would be a way to ease US (and allies) security concerns, without Huawei's involvement.

The above headline is likely to add to the renewed optimism seen around the US-China trade spat, as the lower-level talks between both the countries are likely to take place in Washington next week.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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