The potential sale comes as Huawei is under increased scrutiny in the USA and overseas over the use of some of its telecommunications equipment.
Some critics of the ban argued that it wouldn't actually help reduce Chinese spying and theft of USA companies' intellectual property as the Trump administration hopes - but may even increase it.
A Huawei logo is seen on the side of a building at the headquarters in Shenzhen, Guangdong province, China May 30, 2019.
Others were similarly concerned that China would simply build up its domestic technology industry so it doesn't have to rely on USA suppliers. "So, I don't know if there's opportunity to sign such an agreement".
According to a story earlier this year by The Wall Street Journal, U.S. security officials suspected that Huawei also posed a security risk for its Huawei Marine undersea cable business.
"It is inappropriate to use political means to disrupt an industry", he said.
President Trump signed a bill in 2018 banning both Huawei and ZTE's devices. Last week, the company filed a legal motion in a USA court to declare the Trump administration's efforts to ban its equipment as unconstitutional.
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The ban, coupled with the Trump administration's ongoing trade disputes with China, could prompt "a significant rise in cyberattacks on USA companies", said Tony Cole, chief technology officer at Attivo Networks.
Some experts both for and against the ban are concerned about the effect of its implementation on American companies. The U.S has pressured other countries, such as the United Kingdom, to not use Huawei's gear as well for 5G networks.
The company founder and CEO, Ren Zhengfei, believes that automobile networking, artificial intelligence, and edge computing will be three major breakthroughs for Huawei in the future.
Hengtong Optic-Electric's stock exchange filing said the company was purchasing the stake from Huawei Technologies Co, Huawei's corporate parent.
The ban on US tech companies doing business with Huawei is expected to drastically curtail demand for Huawei phones in the future.
First, it reportedly cut down on new-handset orders from its manufacturing partner Foxconn in the wake of the U.S restriction while its goal of becoming the number phone maker has also been endangered, and now, reports from China suggest the Chinese giant is disposing one of its numerous business lines by agreeing to sell off its undersea cable operations - Huawei marine systems.
As you probably know by now, Huawei is facing plenty of heat from the U.S., which claims Huawei's 5G infrastructure could pose a threat to national security, given that the company may be forced by the Chinese government to install backdoors for espionage.