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

Daniel Fowler
June 15, 2019

The total fines for these could be worth as much as $1 billion. The main patents include network equipment, wired infrastructure, IoT technology; licensing costs would amount to a staggering $1 billion.

Representatives for Huawei and Verizon met last week in NY to discuss some of the patents at issue.

At the time of writing, Verizon spokesman Rich Young did not comment on the matter, saying that it was "a potential legal issue".

Experts have pointed out that Huawei's demand for the licensing fees is less of a "settling the bill" between two corporations, and is more a reflection of the current geopolitcal tensions between the two economic superpowers.

The CNBC recently released a news report stating the Chinese giant Huawei's another attempt to question its ban in the USA over national security grounds during early Thursday.

The United States last month put Huawei on a blacklist that barred it from doing business with USA companies on security grounds without government approval, prompting some global tech firms to cut ties with the world's largest telecoms equipment maker.

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The federal government blacklisted networking gear from Huawei in May.

Germany is the latest country pulled into the the drama between the US and Huawei. Credit rating organization S&P Global said Wednesday the impact of the Huawei ban on the tech industry in the U.S.

Four days later, Google announced it was cutting off Huawei's access to future updates of Google's Android and Google Play Store.

Contacted for comment, a Huawei spokesperson said the company had nothing further to say.

Huawei, which is now the second biggest smartphone vendor globally after Samsung, uses a customised version of Android on all its smartphones and tablets.

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