The Huawei Senior VP, Vincent Pang, recently stated that the company is currently in talks to license its 5G technology to American corporations. Huawei stated that the licensing talks are relatively new, but several US companies are interested in both short-term and long-term licensing agreements. Vincent Pang also indicated that if a licensing agreement was reached, it would cost significant resources in order to maintain and develop the 5G technology.
A licensing agreement would drastically accelerate a United States company’s ability to provide a 5G connection to its customers. As more United States companies are developing 5G technology, being the first company to offer it on a large scale would help an organization attract more consumers.