(Reuters) – The Chinese telecommunications company Huawei Technologies Co. Ltd. and the US group Verizon Communications Inc. agreed to resolve a couple of patent infringement lawsuits, both companies said on Monday.
The confidential settlement came days into a trial that began in one of the two trials last week. Huawei and Verizon filed a joint lawsuit to dismiss both cases and Verizon's counterclaim late Sunday in two U.S. courts in Texas.
In February 2020, Huawei sued Verizon, claiming that the company used a dozen unauthorized Huawei patents in areas such as computer networks, download security and video communications, seeking an unspecified amount of compensation and royalty payments.
Verizon said it was "pleased with the settlement reached with Huawei regarding patent litigation. While the terms of the settlement were not disclosed, our team did an outstanding job of ending this long-standing issue."
Huawei said in a statement that it was "pleased that Verizon and Huawei reached an agreement terminating their corporate patents. litigation. The terms of the agreement are confidential."
The company noted that it "holds more than 1
Last year, Verizon had filed lawsuits against Huawei, claiming that the Chinese company had violated. Verizon patents.
Huawei said in 2020 that it" simply asks Verizon to respect Huawei's investment in research and development by either paying for the use of our patents or refraining from using them. "
Huawei has been a hotspot in US-China relations for several years. The United States placed the company on a 2019 economic blacklist of what it said were national security concerns.
In June 2019, Reuters reported that Huawei told Verizon that it would pay license fees for the use of more than 230 Huawei patents and applied. more than $ 1 billion.