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

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

The Trump US China Trade War just escalated.

Huawei Technologies Co Ltd has told Verizon communications Inc that the U.S. 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.

The patents cover network equipment for more than 20 of the company’s vendors including major U.S. tech firms but those vendors would indemnify Verizon, the person said. Some of those firms have been approached directly by Huawei.

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