(Reuters) – InterDigital Inc, a developer of digital mobile and video technology, said on Tuesday it has entered a worldwide patent licensing agreement with China’s Huawei Technologies Ltd, and that the companies have settled all litigation against each other.
FILE PHOTO: A cameraman records during Huawei stream product launch event in Barcelona, Spain February 24, 2020. REUTERS/Nacho Doce
Shares of InterDigital rose as much as 19.2%.
In a regulatory filing, InterDigital said the licensing agreement runs through 2023, and covers royalties from the sale of some of Huawei’s 3G, 4G and 5G wireless telecommunications products.
InterDigital said the companies have also ended more than 15 months of litigation in China and the United Kingdom.
Huawei had sued InterDigital in January 2019 in the Shenzhen Intermediate People’s Court in China, claiming that the Wilmington, Delaware-based company was licensing its patents on unfair terms, according to a separate regulatory filing….
Source Reuters Tech News
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