UPDATE 2-Huawei reaps more patent royalties than it pays out for second straight year

Chinese technology giant Huawei will bring in more patent income than it pays to other companies for their patents for the second straight year in 2022, as it seeks to offset the impact of U.S. export curbs on sales in its hardware business, the company announced late Thursday. Huawei, known for its telecoms equipment and smartphones, signed or renewed over 20 patent licensing deals this year, said Steven Geiszler, the company’s U.S. chief intellectual property counsel. “Audi respects the intellectual property of third parties and is willing to take licences, if such licences are necessary and available to comply with the law,” the German automaker said.