Huawei and Xiaomi reach a global cross-licensing agreement.

According to GizChina , this agreement means that both brands can benefit from each other's inventions and innovations. This is good news for the future products and customers of both companies.

The agreement allows Huawei and Xiaomi to use each other's inventions.

Huawei and Xiaomi's global patent cross-licensing agreement covers a wide range of communication technologies, including 5G. The agreement will play a crucial role in upcoming devices from both brands.

The question is, what does this global cross-licensing agreement between Huawei and Xiaomi mean? Huawei was formerly a leading global telecommunications equipment manufacturer. Furthermore, Huawei is one of the major players in the smartphone market. Meanwhile, Xiaomi is the world's third-largest smartphone manufacturer.

This means Huawei will have the right to grant certain patents that make Xiaomi phones even better. With access to Xiaomi's patents, Huawei will gain the incentive to develop new products and services. Meanwhile, Xiaomi will no longer have to pay patent licensing fees to Huawei for using their leading communication technology.

Furthermore, this cross-licensing agreement will help both companies develop 5G products and services. Although the brands haven't disclosed the terms, it's likely to take effect early next year, with the agreement lasting 10 years. After that, the two companies could negotiate a new contract or renew the existing one.

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