21.6 C
New York
Saturday, July 24, 2021
spot_img

China’s Huawei scores 4G patent deal for VW cars

Huawei has struck a licensing deal that will allow use of its 4G technologies in connected vehicles manufactured by Volkswagen Group, the Chinese tech giant said on Wednesday.

The deal is its largest yet in the automotive industry, it added.

It comes as the company moves aggressively into intelligent vehicles and other new sectors after US sanctions imperilled its traditional network equipment and smartphone business lines.

Huawei did not provide financial terms or identify the VW supplier but it said the agreement included a licence under Huawei’s 4G patents which covers Volkswagen vehicles equipped with wireless connectivity.

Branding Huawei a security threat, the United States has barred the company from the huge American market, cut it off from global supply chains, and pressured allies to ban or remove Huawei gear from their national telecoms systems.

Huawei has denied the accusation and said no supporting evidence has ever been provided by the United States.

In response the firm, the world’s largest supplier of telecom networking gear and formerly a top-three smartphone supplier, has pivoted to other business segments for survival.

Besides supplying technologies to manufacturers of intelligent cars, it has tipped plans to move into the software sector, as well as enterprise and cloud computing.

Last month it also launched its own homegrown mobile operating system after US sanctions barred it from using Google’s Android system on its smartphones.

S. Jack Heffernan Ph.Dhttps://www.knightsbridgelaw.com
S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

Related Articles

Stay Connected

15,334FansLike
43,300FollowersFollow
2,855SubscribersSubscribe
- Advertisement -spot_img

Latest Articles