Huawei still develops technology that other companies want
The release of the Huawei Mate 50 Pro was greeted by heavy demand and long lines in China
Adler Feng, Oppo’s Chief Intellectual Property Officer, said, “We are very pleased to enter into patent cross-licensing agreement with Huawei. It clearly demonstrates that the two companies recognize and greatly respect the value of each other’s intellectual property. It is a win-win deal for both sides. We will, as always, advocate for the establishment of a sustainable, healthy intellectual property ecosystem, where intellectual property licenses can be resolved through amicable negotiations and every company’s patent value are highly respected.”
From 2019 to 2021, Huawei reportedly took in as much as $1.3 billion from licensing fees
Samsung has been criticized over its 5G mobile modem technology which was used on the Google Tensor chipset (Pixel 6 line) and the Tensor 2 chipset (Pixel 7 line). Pixel 6 series users had many issues trying to connect to 5G networks but so far this hasn’t been much of an issue for Pixel 7 series users.
The report notes that over 20 companies have licensed Huawei’s patents and other technology over the last few years. It is believed that the company was able to garner $1.2 billion to $1.3 billion in licensing fees from 2019 to 2021. Huawei needs this cash to make up for the huge drop in handset sales it has experienced since the U.S. bans started to bite.
And the company continues to be as innovative now as it was before getting hit by restrictions placed on it by the U.S. Last year it was the number one company in getting patents issued by the China National Intellectual Property Administration and the European Patent Office. Even in the states, where it is deemed a national security threat, last year Huawei was awarded a large number of patents that were topped by only four other companies.
Fan continues, “We are delighted to have reached a cross-licensing agreement with Oppo. The mutual recognition of intellectual property value between companies is a major step towards fostering a positive cycle of innovation and research in high-value standards: investing, receiving returns from investment, and then reinvesting. This will enable our industry to keep innovating and provide consumers with more competitive products and services.”