After US Sanctions, Huawei Seeks New Revenue By Licensing Its 5G Patents to Rival
CNBC reports: Chinese technology giant Huawei said Friday it will license its 5G technology to rival handset maker Oppo as it looks to unlock a new revenue stream after its smartphone business was crushed by U.S. sanctions.... Huawei has a massive portfolio of over 100,000 patents globally. It is one of the top patent holders in 5G technology, which is next-generation ultra-fast mobile internet seen as key to underpinning future industries such as artificial intelligence and autonomous cars.... The company previously stated that it expected to earn revenue of $1.2 billion to $1.3 billion from licensing its intellectual property between 2019 to 2021. Huawei said that it met its intellectual property revenue expectations for 2021, but did not provide a figure.
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