DJ Huawei and Nokia technology licensing agreement signed
Written by Dan Stocking
Hong Kong (Dow Jones) — Huawei and Nokia will continue to license smartphones and network technologies to each other. A similar agreement was reached on Friday, the two companies announced.
The experience shows how difficult it is to remove the Chinese company’s technology from global networks despite years of US sanctions.
The patent licensing agreement extends a five-year technology-sharing agreement that was due to expire this year. This comes weeks after Huawei announced a 5G technology licensing agreement with rival Chinese smartphone maker Oppo Mobile Communications.
Neither Huawei nor Nokia disclosed the financial terms or details of the technologies that will be licensed under the announced agreement. Both Chinese and Finnish companies are major holders of so-called standard core patents for technologies needed to build wireless networks or the devices that connect to them.
Huawei is one of the world’s largest patent holders in cellular technology, and has been a key player in the year-long process of setting 5G cellular standards. Essentially, this means that Western companies need to license their technology to build 5G networks, and vice versa. Huawei was also one of the world’s top smartphone and network companies until US restrictions blocked the company’s access to advanced chips.
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(end) Dow Jones Newswires
December 23, 2022 09:11 ET (14:11 GMT)
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