Besides smartphones, Nokia is probably better known for its work in global telecom technologies, investing in 5G networks and infrastructure, to name a few. As such, the Finnish company recently announced that it has signed a cross-license patent agreement with Samsung. This follows the expiry of the previous agreement between the two companies in late 2022.
The agreement covers Nokia’s fundamental inventions in 5G and other technologies, and will oversee Samsung make payments towards Nokia for several years, beginning January of 2023. Jenni Lukander, President of Nokia Technologies, states:
“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.”
Nokia’s patent portfolio is built on more than €130 billion invested in R&D since the early 2000s, and includes around 20,000 patent families, including over 4,500 patent families which are seen as essential to the development of 5G technologies.
In other Nokia news, the company recently launched two devices for American markets, including the Nokia G100 and the G400. Both devices come with support for major US carriers.