Huawei earned $1.2 billion patent revenue in the last 3 years

Steven Geiszler, Huawei US Chief Intellectual Property Counsel revealed that the company has earned $1.2 billion in revenue through the patent licensing business.

According to the information, the global Huawei patent licensing revenue is about $1.2 billion globally as of 2021, which accounts for the course of the last three years.

Meanwhile, the figures from this year will be compiled in 2023. Yes, these numbers are smaller than the losses featured with the U.S. But these small earnings could play a big role in the company’s current objective of survival.

Huawei has a big patent arsenal because the company spent a big chunk of its earnings on Research of new technologies.

As recently, Huawei has struck patent licensing deals with major companies including Oppo and Samsung. And its rival, Nokia. That’s not it, Huawei has signed agreements with Mercedes-Benz, Audi, Porsche, BMW, and more for communication technologies.

“By getting a return on our R&D investment, it allows us to re-invest and re-invent,” Geiszler said, referring to research and development.

Last year, Huawei filed a record 6952 patents. From which, alone 3500 patent applications were filed with the EU patent office. As the tech maker held over 110,000 active patents globally by the end of 2021. Huawei operates of 55 percent of its total workforce (over 100,000 employees) only in R&D facilities.

(source – Reuters)