Huawei earned $560 million in Patent fees in 2022

During the Intellectual Property Rights Conference 2023, Huawei revealed that the company added $560 million in patent business revenue in 2022, which is an important milestone.

Last year, Huawei signed almost 200 bilateral patent licenses. In addition, over 350 companies have obtained licenses for Huawei’s patents through patent pools.

Huawei is one of the largest technology patent holders in the world, and the company’s cumulative R&D investment over the past ten years totaled CNY977.3 billion.

In 2022, its R&D expenditure stood at CNY161.5 billion, or 25.1% of its revenue. The 2022 EU Industrial R&D Investment Scoreboard put Huawei at No. 4 worldwide.

Huawei partnered into patent licenses with prominent firms such as Samsung and Oppo, and top automakers including Mercedes-Benz, Audi, BMW, Porsche, Subaru, Renault, Lamborghini, and Bentley.

“Huawei is willing to share cutting-edge innovations in the form of patents with the world,” said the company’s Chief Legal Officer, Song Liuping, who added, “These will support the common, sustainable development of industries globally.”

The revenue record of $560 million from 2022 is a big push for the patent revenue and helps Huawei to continue to innovate in the field.

(source)