Huawei and Xiaomi reached a global patent cross-licensing agreement covering 5G communication technology. What effect will this have?

1. Reduce the risk of patent infringement: This agreement can reduce patent litigation and infringement disputes between both parties, because both parties agree to license each other's patents under certain conditions. This helps to reduce legal risks and litigation costs.

2. Strengthen technical cooperation: By enjoying patents, Huawei and Xiaomi can carry out technical cooperation more easily, accelerate the development of new products and services, and thus improve market competitiveness.

3. Promote the popularization of 5G technology: This agreement helps to promote the widespread adoption of 5G technology, because it reduces the patent use cost faced by manufacturers and operators and promotes the deployment of a wider 5G infrastructure.

4. Expand market share: Through cooperation and mutual authorization, Huawei and Xiaomi can expand market share on a global scale and further consolidate their position in the 5G field.

5. Industry demonstration effect: This kind of agreement may stimulate cooperation among other technology companies, and push the whole industry to seek patent cross-licensing more widely, thus promoting technological innovation and development.

In short, the global patent cross-licensing agreement between Huawei and Xiaomi is expected to reduce the risk of legal disputes, strengthen technical cooperation, promote the popularization of 5G technology and expand their influence in the global market. This may be a positive development for promoting innovation and providing better communication technology services.