Free daily briefing on global business news.
The multiyear cross-licensing agreement covers certain Huawei Wi-Fi patents, despite the Chinese firm's U.S. entity list status since 2019
Cesc Maymo / Getty Images
HP $HPQ and Huawei announced a multiyear global patent cross-licensing agreement on Wednesday, under which HP Inc. receives a license to certain Huawei Wi-Fi patents — a deal that reflects the adoption of Huawei's technology outside China even as the company remains on a U.S. blacklist.
HP characterized the arrangement as routine. "This is a standard-essential patent license covering Wi-Fi technology — something used broadly across the industry and routine for companies whose products connect to Wi-Fi. It is not new, does not represent a broader strategic or commercial relationship, partnership, or collaboration with Huawei," the company said.
