The Chinese tech giant, Huawei, and OPPO together announced the signing of a global patent cross-licensing agreement, which covers basic patents for cellular communication standards including 5G standards.
According to reports, the cross-licensing agreement reached between Huawei and OPPO has made a package of patent licensing arrangements for both parties’ 5G and other standard essential patent technologies and related products. According to the agreement, OPPO paid to obtain a license for Huawei’s advanced 5G technology. At the same time, Huawei has also obtained the required OPPO patent license for OPPO’s research on wireless standards.
“Although Huawei has signed some licensing agreements with domestic companies, OPPO is by far the largest and has the most patents .” Huawei revealed.
Fan Zhiyong, Director of Huawei’s Intellectual Property Department, said: “After more than 20 years of continuous innovation, Huawei has formed a number of high-value patent packages around the world, including 5G, Wi-Fi, audio and video. Huawei is very happy to reach a cross-licensing agreement with OPPO The mutual recognition of the value of intellectual property among enterprises can promote the innovation cycle of “investment-return-reinvestment” in high-value standard technology research, enhance the sustainable innovation capability of the industry, and provide consumers with more competitive products and service.”
Huawei’s financial report shows that research and development expenses in 2021 will be 142.7 billion yuan, the highest in history, accounting for about 22% of annual revenue. Ranked No. 2 in the world.