In a statement, Huawei said the agreement reflects the two companies’ cooperation in the field of intellectual property licensing while recognising Huawei’s innovation capabilities and technological strength, as well as HP’s position as a global leader in computers and peripheral equipment.

“Huawei is pleased to reach this patent cross-licensing agreement with HP Inc.,” said Alan Fan, Huawei’s Chief Intellectual Property Officer.

“ This agreement is a strong testament to Huawei’s persistent independent innovation in cutting-edge fields in Information and Communications Technology (ICT),” Fan said.

“Through patent licensing, Huawei shares its innovations with the industry, particularly in the area of standardised technologies, bringing leading technological experiences to consumers worldwide,” he added.