Huawei Technologies first announced tariffs for the use of its 5G phone technology, in a move that its chief legal counsel said was an attempt to increase the transparency of Tuesday’s event.
The company is blacklisted for export by the former US president Donald Trump in 2019 and was denied access to critical technology of American origin affecting its ability to design its own chips and source components from external suppliers.
But, Huawei seeks to showcase its own research achievements, with the company expecting to receive about $ 1.3 billion (approximately $ 9,430 crore) in patent licensing revenue between 2019 and 2021, according to its IP chief Jason Ding.
For each phone that uses Huawei’s 5G technology that can work, the company will receive up to $ 2.5 (approximately Rs. 180) in fees, Ding said.
Huawei achieved positive growth for both revenue in 2020 and net profit, the company’s founder and CEO Ren Zhengfei had said in February, adding that the company continues to see significant levels of trust from its customers.
However, the company’s smartphone business remains under strong pressure due to the ban in the United States. Huawei’s consumer business accounts for 54.4% of the company’s revenue in 2019.
The company is expected to disclose full data for 2020 at the end of the month.
By the end of 2020, Huawei holds more than 100,000 active patents in more than 40,000 patent families worldwide, the company said. Its research and development investments amount to CNY 131.7 billion (approximately Rs. 1.46,960 crore) in 2019.
© Thomson Reuters 2021
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