nokia has just signed a new multi-year agreement with Samsung. Relating to cross-licensing of patents relating to the 5G and other technologies, it will allow the Korean giant to use Nokia equipment in its smartphones.
Effective as of January 1, 2023
This new agreement follows the expiration of a previous contract between the two companies at the end of 2022. Since this January 1, Samsung pays a royalty to Nokia and can, in return, exploit the Finnish company’s fundamental inventions in the field of 5G and other technologies. The amount of the deal was not disclosed.
“ Samsung is a leader in the smartphone industry, and we are delighted to have reached an amicable settlement with them. The agreement gives both companies the freedom to innovate and reflects the strength of Nokia’s patent portfolioits decades-long investment in research and development, and its contributions to cellular standards and other technologies said Jenni Lukander, president of Nokia Technologies.
Nokia now relies on licensing
This agreement between Nokia and Samsung reflects the policy of the Finnish manufacturer, who gave up designing smartphones for focus on research and development as well as intellectual property. Licensing is now one of the cornerstones of the business which, in addition to designing equipment for smartphones, has begun in recent years to turn to other sources of incomeincluding charging car manufacturers for the use of its innovations.
” Nokia’s industry-leading patent portfolio is backed on more than 130 billion euros invested in R&D since 2000 and consists of approximately 20,000 patent families, including more than 4,500 patent families declared essential to 5G. Nokia contributes its inventions to open standards in exchange for the right to license them on fair, reasonable and non-discriminatory terms. Businesses can license and use these technologies without having to make their own substantial investments in standards, fueling innovation and the development of new products and services for consumers. “says Nokia in A press release.
In December, the company extended a license agreement with Huaweiand is currently working on deals with other Chinese smartphone makers, Oppo and Vivo.