/cloudfront-us-east-2.images.arcpublishing.com/reuters/OAXHMNA62FIDXEL724CGTU6WGA.jpg?fit=1200%2C628&ssl=1 "China’s Huawei says it has reached international patent licensing cope with Xiaomi")
A emblem of Huawei Technologies is seen at its exhibition area, on the Viva Technology convention devoted to innovation and startups at Porte de Versailles exhibition heart in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing Rights
BEIJING, Sept 13 (Reuters) – China’s Huawei Technologies inked on Wednesday a worldwide patent cross-licensing cope with Xiaomi Inc (1810.HK), in keeping with a press release from Huawei.
The deal covers communication applied sciences together with 5G, it mentioned, and marks the decision of a patent licensing dispute between the 2 corporations.
Local Chinese media reported in March that Huawei was suing Xiaomi for alleged infringement of 4 registered patents primarily associated to wi-fi communication know-how, smartphone pictures and display screen lock know-how.
Huawei additionally has patent license agreements with different tech gamers reminiscent of Oppo and South Korea’s Samsung (005930.KS). Last month it renewed the same settlement with Ericsson (ERICb.ST).
In July, Huawei mentioned it acquired $560 million in royalty revenues in 2022, and that it had earned greater than it paid out in royalties over the past two years because the decline in handset gross sales meant it wanted to pay much less to different mental property holders.
Reporting by Beijing Newsroom; Editing by Clarence Fernandez and Tom Hogue
Our Standards: The Thomson Reuters Trust Principles.
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