Huawei Vows to Step Up Domestic Patent Licensing

Huawei Technologies Co. is stepping up efforts to turn its vast pool of patents into revenue through licensing arrangements with domestic companies as the telecommunications giant seeks to offset the effects of U.S. sanctions.

Huawei is communicating with domestic companies on patent licensing and expects to reach agreements in the near future, Fan Zhiyong, head of Huawei’s intellectual property rights department, told Caixin.