Latest » Technology » Huawei announces royalty rates for 5G phone technology
Business Technology

Huawei announces royalty rates for 5G phone technology

rates for 5G phone Startup Pakistan
rates for 5G phone Startup Pakistan

Startup Pakistan: 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.

The company was put on an export blacklist by former US President Donald Trump in 2019 and barred from accessing critical technology of US 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.

Along with rivals Samsung Electronics, Nokia, Ericsson, and chipmaker Qualcomm,

Huawei is one of the leaders in 5G patents, although studies about which company is ahead in the race vary.

By the end of 2020, Huawei held more than 100,000 active patents in over 40,000 patent families worldwide, the company said. Its R&D investments totaled 131.7 billion yuan ($20.27 billion) in 2019.

Courtesy: ndtv

About the author

Zia Uddin

Zia Uddin

Zia Uddin is a Showbiz News Specialist. He is working in the entertainment news industry since 2016. He loves music and movies. He mostly writes about Movies, TV Shows and many other topics.