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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Cogito Ergo Sum who wrote (2652)6/28/2019 3:01:48 PM
From: Elroy Jetson1 Recommendation

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US offers Huawei a win-win joint-venture with Qualcomm

A joint-venture between Qualcomm and Huawei, with Qualcomm holding a 60% majority share, will allow Huawei to produce and sell telecom equipment in the United States and allied nations.

The new joint-venture includes a standard technology-transfer agreement, commonly found in all Chinese business agreements, where-in Huawei will grant its majority partner, Qualcomm, ownership of all of Huawei's patents associated with any telecom equipment sold.

A spokesman for Emperor Pooh-Xi told reporters, "The fact that American technology companies are now adopting China's government-mandated business-model, acknowledges China's innovative method of transferring technology is far more efficient than laboriously developing it at great cost and effort."

Telecom industry analysts say the standard technology-transfer requirement is a small price for Huawei to pay in order to gain the opportunity to sell telecom equipment in the burgeoning American and affiliated markets through their American majority partner Qualcomm.

Asked about the agreement while in Osaka, Japan, president Trump said, "Bringing Huawei's telecom production back to America is long overdue. It's time for Ren Zhengfei to come back home to Idaho."
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