Huawei Technologies on Tuesday announced royalty rates for the use of its 5G phone technology.
The owner of the world’s largest portfolio of 5G patents will negotiate rates and potential cross-licensing with the top smartphone brand’s.
The company also promised to charge lower rates than rivals like Qualcomm Inc., Ericsson AB and Nokia Oyj.
How much Royalty he will charge?
The company said that it will charge “a reasonable percentage royalty rate” of the handset selling price. It’s capping per-phone royalties at $2.50 for smartphones that comply with 5G standards.
Blacklisted in US
Huawei was put on an export blacklist by former U.S. President Donald Trump in 2019, citing national security concerns and barred from accessing critical technology of U.S. origin. Huawei has repeatedly denied the accusation.
Financial Performance
The company’s smartphone business remains under intense pressure due to the U.S. ban. It’s consumer business made up 54.4% of the company’s revenues in 2019.
The Research and Development investments totalled 131.7 billion yuan ($20.27 billion) in 2019.
In 2020, Huawei held more than 100,000 active patents in over 40,000 patent families worldwide.
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