2023-09-13 08:41:00
The agreement allows for cross-licensing of patents
Published on: September 13, 2023: 12:41 PM GST Last updated: September 13, 2023: 01:04 PM GST
The Chinese company Huawei Technologies said in a statement that it signed, today, Wednesday, a global agreement with Xiaomi that allows for the issuance of mutual licenses for patents.
She added that the agreement covers communications technology, including fifth generation networks, and represents an end to a dispute between the two Chinese companies regarding patent licenses.
Chinese local media reported in March that Huawei is suing Xiaomi for violating four registered patents mainly related to wireless communications technology, smartphone photography, and screen lock technology.
Huawei announced in July that it would receive $560 million in revenues related to intellectual property rights in 2022 and that it had earned more than it paid to own those rights over the past two years, as the decline in phone headset sales means that it would reduce the amount it pays to other intellectual property rights holders. .
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