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Nokia and Samsung Strike Multi-Year Patent License Agreement

  • tech360.tv
  • Jan 16, 2025
  • 1 min read

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

 
 

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