Huawei needs Verizon to pay $1 billion for its patents

Reuters is citing an unnamed supply who claims to be aware of the matter relating to a brand new patent dispute. Huawei is allegedly asking Verizon to pay licensing charges for greater than 230 of its patents, with the quantity going as excessive as $1 billion.

The patents in query relate to community gear utilized by greater than 20 of the corporate’s distributors, the report suggests, “including major U.S. tech firms but those vendors would indemnify Verizon”, mentioned a Huawei mental property licensing government.

The Wall Street Journal beforehand reported on the matter, figuring out patents that relate to core community gear, wireline infrastructure, and internet-of-things expertise.

These points are bigger than simply Verizon. Given the broader geopolitical context, any concern involving Huawei has implications for our complete trade and likewise increase nationwide and worldwide considerations — Verizon spokesman Rich Young

In the sunshine of the present occasions, the road between the U.S.-China commerce warfare and the “national security” considerations involving Huawei has develop into blurred. Verizon didn’t touch upon the matter, which might find yourself being a authorized points, however did say that it is perhaps extra concerning the geopolitical battle between the 2 international locations, slightly than concerning the patents themselves.

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