Huawei Demands Verizon Pay $1 Billion for Using 230 Patents

Huawei Demands Verizon Pay $1 Billion for Using 230 Patents
Huawei Demands Verizon Pay $1 Billion for Using 230 Patents

Huawei has hit upon a new strategy for fighting back against the US: leveraging its massive suite of technology patents to try and force American competitors to fork over billions of dollars. And its first target is Verizon, one of its biggest American competitors in the race to become a global leader in 5G.

As Reuters reports, Huawei has told Verizon that it should pay licensing fees amounting to more than $1 billion for the more than 230 patents held by the Chinese telecoms giant.

Learn More:
https://www.zerohedge.com/news/2019-06-13/huawei-demands-verizon-pay-1-billion-using-230-patents

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