China’s Huawei and Nokia recently reached an agreement to continue licensing smartphones and network technology, reflecting efforts to strip the Chinese firm of its technology leadership in global networks despite years of US sanctions against Huawei still facing major challenges .
The Wall Street Journal pointed out that Huawei and Nokia announced a patent licensing deal, extending a technology sharing deal by five years, showing that Huawei’s intellectual property remains deeply entrenched in global networks, despite US sanctions having them effectively excluded from many Western markets.
Interest in acquiring Huawei’s next-generation telecommunications patents remains strong despite US allegations that the company poses a threat to its national security, the company said. Neither Huawei nor Nokia have disclosed the technical details of the deal, which covers the technology needed to build or connect wireless networks.
FX168 Finance pointed out that US technology export restrictions have destroyed Huawei’s smartphone business and limited sales of its advanced communications equipment in developed markets. Huawei has developed new markets and businesses for this purpose. It has begun collecting royalties from the world’s biggest smartphone brands, including Apple Inc and Samsung Electronics Co, after announcing plans to expand its licensing business starting in 2021.
Fan Zhiyong, head of global intellectual property rights at Huawei, said in a statement that Huawei has signed more than 20 patent licensing agreements this year, covering smartphones, connected cars, the Internet and the Internet of Things. about 15 automakers Huawei’s wireless technology, which includes well-known brands such as Audi, Mercedes-Benz, BMW, Porsche, Renault, Suzuki, Lamborghini, Subaru and Bentley.
Intellectual property cooperation is one of the few areas where Huawei can still make significant progress in developed markets such as Europe, the report said.
Britain has agreed to remove the Chinese firm from its 5G network by 2027, and last month a senior EU official urged countries like Germany to stop using high-risk 5G providers without naming Huawei.
Huawei’s net revenue fell 40% in the first three quarters of 2022, even as it has invested heavily in research to maintain leadership in 5G networks, the report said. Huawei remains the largest patent holder for ultra-fast broadband technology that is rapidly becoming mainstream for mobile users worldwide, and also sells artificial intelligence and wireless communications equipment to non-traditional customers such as automakers, coal mines and complex industries to look for other sources of income.
According to Steven Geiszler, chief intellectual property adviser for Huawei in the United States, as publicly disclosed technologies, Huawei’s patents are not subject to US restrictions.
