Chinese language firm Huawei says it has reached a worldwide patent licensing settlement with Xiaomi

Chinese company Huawei says it has reached a global patent licensing agreement with Xiaomi

BEIJING (Reuters) – China’s Huawei Applied sciences Co Ltd on Wednesday signed a worldwide patent cross-licensing settlement with Xiaomi, in line with a press release from Huawei.

She stated that the deal covers communications applied sciences, together with fifth technology, and represents a decision of the patent licensing dispute between the 2 corporations.

Native Chinese language media reported in March that Huawei had filed a lawsuit in opposition to Xiaomi for allegedly violating 4 registered patents primarily associated to wi-fi communications expertise, smartphone pictures, and display screen lock expertise.

Huawei additionally has patent licensing agreements with different expertise corporations reminiscent of Oppo and South Korea’s Samsung. Final month, it renewed an identical settlement with Ericsson.

In July, Huawei stated it earned $560 million in royalty income in 2022, and that it earned greater than it paid in royalties over the previous two years, as falling telephone gross sales meant it wanted to pay much less to different mental property holders.

(Reporting by Beijing newsroom; Modifying by Clarence Fernandez and Tom Hogue)

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