top of page

Nokia and Samsung Strike Multi-Year Patent License Agreement

Finland's Nokia has announced a significant milestone by signing a multi-year patent license agreement with tech giant Samsung. The agreement focuses on Samsung's use of Nokia's cutting-edge video technologies in their televisions. Nokia revealed that as part of the deal, Samsung will be making royalty payments to the Finnish company.


"A modern office lobby with a large blue 'NOKIA' sign in the center, featuring a sleek white staircase, seating area, and a large screen displaying the Nokia logo in the background.
Credit: NOKIA

This newly inked agreement stands as a separate entity from the existing 5G patent license agreement between Nokia and Samsung. Nokia has emphasised that the specific terms of this latest agreement remain confidential between the two parties.

 
  • Nokia and Samsung have entered into a multi-year patent license agreement for video technologies.

  • Samsung will be making royalty payments to Nokia as part of the agreement.

  • This deal is distinct from the existing 5G patent license agreement between the two tech companies.


Source: REUTERS

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page