Chinese telecom giant Huawei has reportedly had early-stage discussions in recent weeks with unnamed US telecommunications companies "licensing their 5G network technology to them," a Huawei executive told Reuters exclusively.
Why it matters: The United States and China are locked in a race to get 5G networks up and running to connect devices and machines at lightning speed. US critics have accused Huawei of being an accomplice in Chinese espionage, which is a benefit of theft of trade secrets and violating trade sanctions. Historically, the US preferred European equipment manufacturers Ericsson and Nokia as suppliers of 5G technology.
Go deeper: Why Huawei is the US 5G boogeyman