Today on the Nokia website there was a message about the signing of a licensing agreement with Samsung. The agreement covers Nokia’s developments in the field of video standards.
Under the agreement, Samsung will pay Nokia a fee for the use of patented technologies. Financial details were not disclosed.
The Finnish company recalled that it has been researching and contributing significantly to the development of standards for decades. Nokia’s investments in R&D have exceeded 129 billion euros in the last two decades alone. The impact of this investment is measured by some 20,000 patent families, of which more than 3,500 have been identified as key to 5G. Nokia participated in the development of the standards in exchange for the right to license the received patents on “Fair, Reasonable and Non-Discriminatory” (FRAND). Due to this, other companies can take advantage of the created technologies without spending significant sums on their own research and development.
It remains to add that the deal was struck a few months after Nokia filed a US lawsuit against Samsung, accusing the South Korean manufacturer of patent infringement.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
