Huawei Books $560 Million From Patent Deals in 2022

(Bloomberg) — Huawei Technologies Co. made $560 million in revenue from its patent licensing deals last year, disclosing for the first time its annual income from that part of the business.

The Shenzhen-based company has collected slightly more in royalties than it paid out over the past two years because of its falling smartphone sales, according to Alan Fan, head of its intellectual property rights department. Huawei has had to remake itself after Washington’s strict sanctions cut off its access to a wide spectrum of chips and software using American technology.