Huawei CEO says willing to license 5G tech to U.S. firm

China's Huawei Technologies Co Ltd founder and CEO Ren Zhengfei said on Thursday the company is willing to license its 5G mobile technology to a U.S. company, as the telecoms gear maker seeks to alleviate security concerns over its products.

Ren also told reporters that he was not afraid of creating a rival and the offer could also include chip design know-how.

His remarks come after Ren said this month that he is open to selling the firm's 5G technology - including patents, code, blueprints, production know-how - to Western firms for a one-off fee.