• Thursday, June 27, 2019

Huawei asks Verizon to pay over $1 billion for 230 patents

Discussion in 'World Affairs' started by bobsm, Jun 13, 2019.

  1. bobsm

    bobsm FULL MEMBER

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    Huawei asks Verizon to pay over $1 billion for 230 patents


    June 13, 2019

    Huawei Technologies Co Ltd has told Verizon Communications Inc that the US carrier should pay licensing fees for more than 230 of the Chinese telecoms equipment maker’s patents and in aggregate is seeking more than $1 billion, reported Reuters.

    Verizon should pay to “solve the patent licensing issue,” a Huawei intellectual property licensing executive wrote in February, reported the Wall Street Journal. The patents cover network equipment for more than 20 of the company’s vendors including major US tech firms but those vendors would indemnify Verizon, Reuters sources said.


    Companies involved, including Verizon have notified the US government as the dispute comes amid a growing trade feud between China and the United States.

    The White House Office of Management and Budget has told the US Congress it will now meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecoms giant Huawei, as part of a defense law passed last year, according to a letter seen by Reuters.

    “Congress has made it clear in recent days the importance of implementing the law within the two years provided, and we will,” Russ Vought, the acting director of OMB, said in the letter addressed to Senator James Inhofe, chairman of the Senate Armed Services Committee.


    https://chinaeconomicreview.com/huawei-asks-verizon-to-pay-over-1-billion-for-230-patents/[/b][/b]
     
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  2. Han Patriot

    Han Patriot SENIOR MEMBER

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    When is China going to complain to WTO on US protectionism? 1 billion is just small change for China.
     
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  3. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    It’s small change for 5G. Qualcomm has made far more than that on 4G licensing.
     
  4. Han Patriot

    Han Patriot SENIOR MEMBER

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    Exactly and China has made 300bil annually for a decade? =)
     
  5. nang2

    nang2 SENIOR MEMBER

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    WTO is toothless. Going to WTO only serves as a PR move.
     
  6. CHN Bamboo

    CHN Bamboo FULL MEMBER

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    What does paying for patents have to do with the trade war between China and the United States?

    Is Verizon an US state-owned enterprise or indirectly controlled by the US Government?