Huawei announces royalty rates for 5G phone technology
Last updated on: 16 March,2021 06:07 pm
Huawei announces royalty rates for 5G phone technology
SHENZHEN, China (Reuters) - Huawei Technologies announced royalty rates for the use of its 5G phone technology for the first time, in a move its chief legal officer said was an effort to increase transparency at an event on Tuesday.
The company was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components from outside vendors.
But, Huawei is looking to showcase its own research achievements, with the company expecting to receive around $1.3 billion in revenue from patent licensing between 2019 and 2021, according to its head of IP, Jason Ding.
For every phone that uses Huawei’s 5G technology, which are capable of working the company will receive up to $2.5 in royalties, Ding said.