News Snapshot:
Chinese telecoms giant Huawei Technologies Co is stepping up efforts to turn its vast pool of patents into revenue via “reasonable pricing”, founder Ren Zhengfei said in an internal meeting, as the company continues a drive to diversify its sales mix while still subject to crippling US sanctions. “Previously our intellectual property [efforts] were made for self-defence and to keep our own business safe,” Ren told the company’s IP team in an internal meeting in March, with an internal memo documenting the meeting posted on Huawei’s employee forum last week. “[However] after years of accumulation … we need to set...
