According to Reuters, Huawei Technologies and Verizon Communications on Monday announced that they have both agreed to settle the two patent infringement lawsuits.

In February 2020, Huawei filed charges against Verizon alleging unauthorized use of more than a dozen Huawei patents, including computer networking, download security, and video communications, seeking compensation and royalties.

One of the two lawsuits went to trial last week in Texas. Huawei and Verizon filed joint motions to dismiss both cases and Verizon's counterclaims late on Sunday in two U.S. courts in Texas.

Verizon said it was "happy with the settlement reached with Huawei involving patent lawsuits. While terms of the settlement are not being disclosed, our team did an outstanding job bringing this protracted matter to a close." Huawei indicated that it was "pleased that Verizon and Huawei reached an agreement that ends the companies' patent litigation. The terms of the agreement are confidential."

Huawei has more than 100,000 active patents worldwide, including about 10,000 U.S. patents. Previously reported, Huawei claimed that Verizon should pay license fees of more than $1 billion for using Huawei's over 230 patents.

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