collected by :Roy Mark
Finland’s Nokia and Chinese smartphone maker Xiaomi announced an agreement on Wednesday to cross-license patents from each other, which will help both companies develop new products.
The deal will see both companies license so-called standard essential patents — patents which are essential to allow products to comply with an industry standard — from each other.
As such, its patents can be key for companies looking to expand globally in the mobile market without running into legal problems.
Nokia and Xiaomi ink patent and tools bargain, Xiaomi purchases Nokia licenses
Nokia has been a key player in developing many of the standards used by the mobile industry even today and makes money from licensing the patents it has built up over the years.
Nokia will provide network infrastructure equipment to deliver high capacity, low power requirements that are needed by companies that are processing and delivering lots of data.
Nokia will provide network infrastructure equipment
referring to Under the business cooperation agreement, Nokia will provide network infrastructure equipment designed to deliver the high capacity, low power requirements expected by large web providers and datacenter operators.
Press ReleaseJuly 5, 2017Espoo, Finland & Beijing, China – Nokia and Xiaomi announced that they have signed a business collaboration agreement and a multi-year patent agreement, including a cross license to each company’s cellular standard essential patents.
Xiaomi also acquired patent assets from Nokia as part of the transaction.
“Xiaomi is one of the world’s leading smartphone manufacturers and we are delighted to have reached an agreement with them,” said Rajeev Suri, President & CEO of Nokia.
Nokia and Xiaomi will work together on optical transport solutions for datacenter interconnect, IP Routing based on Nokia’s newly announced FP4 network processor, and a data center fabric solution.
referring to The deal covers three main areas: Nokia and Xiaomi have inked a cross licensing deal covering cellular standard essential patents; Xiaomi has acquired unspecified patents from Nokia; and Nokia will provide network equipment to Xiaomi and will collaborate on building IP transport solutions.
A year after buying 1,500 patents from Microsoft, Xiaomi is digging into the global intellectual property pool once again.
In May, Nokia and Apple settled a long-running patent dispute that threatened to disrupt Nokia’s wearables business and more.
The pair will also consider “further cooperation” in other areas Internet of Things, augmented and virtual reality and artificial intelligence.
“Sustainable and long term agreements with partners like Nokia lay the ground for global expansion.”