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Nokia and Samsung renew cross-license patent agreement for 5G technology

Nokia and Samsung have extended their cross-license patent agreement to include 5G technology, allowing Samsung to utilize Nokia’s…

FYTKO · 2023-01-23 09:51 · 0 claps · 0.9 min read
#samsung #nokia #fytko #5g-technology
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Nokia and Samsung renew cross-license patent agreement for 5G technology

Nokia and Samsung have extended their cross-license patent agreement to include 5G technology, allowing Samsung to utilize Nokia’s “fundamental inventions in 5G and other technologies.” The two companies had previously signed a similar deal, but it expired at the end of 2022.

Samsung is a leader in the smartphone industry, and we are delighted to have reached an amicable agreement with them. The agreement gives both companies the freedom to innovate and reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D and contributions to cellular standards and other technologies. — Jenni Lukander, President of Nokia Technologies

Samsung will now make royalty payments to Nokia over a multi-year period starting January 1, 2023. The specific details of the agreement are not disclosed to the public.

Nokia holds a significant number of patents, with over 20,000 patent families and 4,500 of them considered essential to 5G technology. The company has invested heavily in research and development, with over €130 billion invested since 2000.

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