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    Top Huawei Executive Reveals Who Will Benefit Most From 5G Technology Application

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    A number of Huawei’s potential partners in the development of superfast 5G technology have raised concerns over security issues emerging from collaboration with the Chinese tech giant after being pressured by the US, who has accused the firm of spying on behalf of the Chinese authorities. Both the firm and Beijing have denied all the allegations.

    Huawei Rotating Chairman Guo Ping has urged companies to build partnerships with the Chinese telecom giant to develop 5G technology applications, insisting that its participants will be “the biggest winners”, CNBC reports. 

    “This is a huge market worth trillions of US dollars”, Guo said. “The biggest winners will be our partners”.

    The comments were made during a Web Summit tech conference in Lisbon on Monday, where Huawei’s top executive discussed the spread of new superfast fifth generation commercial networks that would enable the transmission of a large amount of data and said that the rollout was going “more rapidly than expected”.

    “We predict by the end of this year we will see 60 commercial 5G networks", Guo added.
    Huawei's rotating chairman Guo Ping speaks during the Web Summit in Lisbon, Portugal, November 4, 2019
    © REUTERS / RAFAEL MARCHANTE
    Huawei's rotating chairman Guo Ping speaks during the Web Summit in Lisbon, Portugal, November 4, 2019

    The Chinese tech titan is currently a leading provider of 5G equipment and has reportedly struck over 50 commercial 5G contracts around the world despite being barred from some major industrial markets such as Japan and Australia, following a US assault on the company, and concerns raised by a number of activists over the potential health risks from exposure to electromagnetic rays emerging from 5G infrastructure.

    In May 2019, the US blacklisted Huawei and around 70 of its subsidiaries from purchasing American technology and doing business with US companies based on charges of industrial espionage and the use of equipment for illegal surveillance purposes on behalf of the Chinese government. Huawei has repeatedly denied any previous or potential spying activities or providing data to Beijing.

    German Foreign Minister Heiko Maas has, however, also raised doubts about Berlin's potential collaboration with the Chinese giant, claiming that Huawei was still obliged to pass on information to the Chinese government based on national security laws, as reported by Euronews. Maas insisted that Berlin would try to test the “trustworthiness” of Huawei’s 5G security catalogue in the future.

    Despite security concerns raised by a number of potential partners and Huawei’s failure to license Android’s latest version of its operating system on the firm's new Mate 30 phone following the US ban, the company has reportedly increased its revenue by 24% and increased global shipments of smartphones by 26% this year. 

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    5G, Germany, United States, China, Huawei, Huawei
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