|US offers Huawei a win-win joint-venture with Qualcomm|
A joint-venture between Qualcomm and Huawei, with Huawei holding a 60% majority share, will allow Huawei to produce and sell telcom equipement 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.