A few days after the trial of one of the two lawsuits started last week, the two sides reached a confidentiality agreement. Late on Sunday, Huawei and Verizon jointly filed a motion in two US courts in Texas, demanding the withdrawal of the two lawsuits and Verizon's counterclaim.
In February 2020, Huawei sued Verizon, accusing the company of unauthorized use of more than a dozen Huawei patents in the fields of computer network, download security and video communication, and demanding an unknown amount of compensation and patent royalties.
Verizon said it was "very happy to reach a settlement with Huawei on patent litigation". Although the terms of the settlement have not been disclosed, "our team ended this long-lasting event brilliantly."
Huawei said in a statement, "I am very happy that Verizon and Huawei have reached an agreement to end the patent litigation between the two companies." The terms of the agreement are confidential. "
The company pointed out that it "has more than 654.38 million+active patents worldwide, including about 654.38 million +0 billion US patents."
Verizon filed a counterclaim against Huawei last year, claiming that the China company infringed Verizon's patents.
Huawei said in 2020 that it "only requires Verizon to respect Huawei's investment in R&D, and either pay for using our patents or not use them."
20 19 In June, Reuters reported that Huawei told Verizon that it should pay more than 10 billion US dollars in license fees for using more than 230 Huawei patents.
Insiders analyzed that this settlement should be initiated by Verizon and reached after meeting Huawei's requirements to a certain extent, which laid the foundation for Huawei's global patent licensing and charging plan.