Huawei slapped a $1 billion compensation claim on US operator Verizon covering licensing fees for a lot more than 230 of its patents. The Chinese vendor issued its claim in February, asking Verizon to cough up to “solve the patent licensing issue” which relates to core and wireless network gear, together with IoT equipment as stated by to a report from the Wall Street Journal.
Verizon doesn’t directly use Huawei equipment, but reportedly depends on 20 vendors that use Huawei technologies, and the Chinese company’s patent claim in this regard covers properties as network devices and wireless tech. As stated by to sources that The Fresh York Times talked to, on the condition of anonymity, the patent claims made by Huawei would number to over $1 billion in total.
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Representatives for Huawei and Verizon met last week in Fresh York to discuss few of the patents at problem!. A Verizon spokesperson told the Fresh York Times that the company had no comment on the matter, but added that “these issues are greater than just Verizon.” He In addition added, “Given the broader geopolitical context, any issue involving Huawei has implications for our entire industry and Furthermore raise national and international concerns.”
The United States last month put Huawei on a blacklist that barred it from doing business with U.S. companies on security grounds without government approval, prompting few global technology firms to cut ties with the world’s biggest telecoms equipment maker. This has put a massive strain on the company, though they’ve been slowly recovering ground as of late.