Huawei is 'open' to selling 5G chips to Apple for iPhones, marking a big shift in strategy

Huawei has designed a 5G chip called the Balong 5000 which has been used only in its own smartphones. The company has said in the past that it wouldn't sell its silicon to rivals but now it's open to doing so, Huawei CEO Ren Zhengfei told CNBC.