A research report released in 2017 stated that 5G networks will require US telecom operators to invest US$275 billion in infrastructure construction, create 3 million jobs, and contribute US$5,000 to US GDP. One hundred million U.S. dollars. The report states that 5G technology can save society US$160 billion in traffic control and power grid management by saving energy, improving transportation, and reducing fuel consumption. A report released by the U.S. National Intelligence Council in September last year stated that by 2025, the "connected economy" led by 5G networks and Internet of Things (IoT) technology will create a global economic output of US$12.3 trillion and support 22 million people. Career Opportunities.
China’s 5G patents are catching up with those of the United States. Currently, 5G wireless technology is still in the experimental stage of research and development, and competition in the industry is fierce. Telecom technology companies such as Qualcomm in the United States, Huawei and ZTE in China, Nokia in Finland, Ericsson in Sweden, and Samsung in South Korea are all trying to become standard setters for 5G technology. American companies are considered leaders in 5G technology, but Chinese companies are closing the gap with the United States. A statistics from consulting firm LexInnova last year said that among the patents related to key intellectual property rights of 5G, the number of patents owned by Qualcomm in the United States accounted for 15%, and the number of patents owned by Huawei accounted for 10%.
According to a report by the US financial media CNBC on March 7, Chinese companies such as Huawei have signed 25 5G equipment testing agreements with many telecom operators around the world. China Mobile plans to conduct the world’s largest test this year. 5G test. The United States may be the first country to use 5G technology in a small range and for specific purposes, but China will deploy 5G on a larger scale.
China is trying to establish global standards for next-generation networks and technology, hoping to become a manufacturing center for all equipment. Mulvernon also believes that “China’s domestic 5G development strategy specifically mentions that one-third of 5G development should be reserved for Huawei, one-third for ZTE, and the remaining one-third for foreign competitors. China takes advantage of the 'national security' exemption in WTO rules to do so. The US's national 5G development strategy does not make sense if it does not adopt the same reciprocal measures.
Information Technology and Innovation Foundation. Blake also believes that the market-oriented approach of the U.S. private sector will be superior. He said: "I believe that many of the benefits of 5G will come from practical applications in deployment, so I hope that the U.S. government will continue to rely on the private sector's competitive model, where we Competitive fields use these technologies. "Blake also said that the United States can set a ceiling for local governments to tax 5G operators to create a more friendly investment environment.