wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , , ,

Xiaomi and Nokia sign multi-year patent agreement

Chinese smartphone maker Xiaomi and Finland based Nokia signed a multi-year patent agreement yesterday. The patent agreement includes cross-licensing of each other’s cellular standard-essential patents, while Xiaomi will also acquire patent assets from Nokia as part of the transaction. As part of the tie up, Nokia and Xiaomi will work together to build optic network solutions and data center interconnect, among other networking capabilities. In addition, both companies have agreed to explore cooperation in areas such as Internet of Things, augmented and virtual reality, and artificial intelligence.

Nokia has had multiple management changes over the years as it seeks to stabilize its smartphone/devices business. After selling its Lumia business to Microsoft 2013, Nokia continued to focus on network solutions and VR. In May 2016, Microsoft sold Nokia’s feature phone business to FIH Mobile (Foxconn subsidiary) for $350 million, after Microsoft’s Lumia division failed to pick up. Nokia has now made a new entry into the smartphone segment and announced a strategic agreement with HMD Global for Nokia branded mobile phones and tablets.

What this means for Xiaomi

Xiaomi has a global presence in 30 countries, and apart from smartphones its focus also lies on products in IoT, VR, Networking (Routers), etc. With the Nokia tie up, Xiaomi will get exclusive access to essential patents owned by Nokia in these segments, thereby cutting cost on Research & Development. The company did not mention what essential patents are being traded.

Apart from this, Xiaomi is also acquiring undisclosed patent assets belonging to Nokia. Patents are intangible assets and its value changes over time; some of these patents belonging to Nokia can be used by other manufacturers and OEMs globally in their devices. With Xiaomi taking over these patents, the Chinese company will now receive royalties (in form of licensing, copyrights, etc.) from manufacturers/OEMs using Nokia’s patents.

Advertisement. Scroll to continue reading.

Xiaomi has reportedly crossed $1 billion in revenue from its India operations. During Q2 2016, Xiaomi’s Mi Band shipments accounted for 10.3% of overall Indian wearable market. In Q3 2016, the company debuted among the top 5 smartphone vendors list (in terms of shipments) according to IDC. It currently holds second place in the Indian market in terms of shipments. Apart from this, Xiaomi introduced three new flagship products (other than smartphones) in India: the Mi VRAir Purifier 2, and Mi Router 3C.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ