Ericsson, Huawei Renew Global Patent Cross-Licensing Agreement

Ericsson and Huawei said Friday they renewed a multiyear global patent cross-licensing agreement covering patents “essential to standards relevant to the products of the parties, including 3G, 4G, and 5G cellular technologies.” Ericsson estimates full-year 2023 licensing revenue to be about $1 billion, said a news release. "Both companies are major contributors to mobile communication standards and recognize the value of each other's intellectual property,” said Christina Petersson, Ericsson chief intellectual property officer: “This agreement demonstrates the commitment of both parties that intellectual property should be respected and rewarded, and that leading technological innovations should be shared across the industry.”