Chinese tech giant Huawei and US‑based computer maker HP announced the signing of a multiyear global patent cross-licensing agreement, including license to HP for certain Huawei Wi-Fi patents, the Global Times learned from Huawei on Wednesday.

Huawei has been pushing for the monetisation of its patent portfolio to generate returns on its investments in research and development.

The agreement gives HP access to certain Huawei Wi-Fi patents in exchange for reciprocal rights under the US company’s portfolio.