The two firms have a historical past of butting heads over patents. The most up-to-date dispute started in December 2020, whereas the earlier was in 2012 and dragged on for 2 years.
Lawsuits have been launched by Ericsson and Samsung in a number of nations over the newest dispute. The settlement at present ends these complaints.
Christina Petersson, Chief Intellectual Property Officer at Ericsson, says:
“We are delighted to signal a mutually helpful settlement with Samsung.
This necessary deal confirms the worth of our patent portfolio and additional illustrates Ericsson’s dedication to FRAND rules.”
Ericsson has over 57,000 patents as a part of its intensive portfolio and invests round $4 billion yearly in R&D to take care of its aggressive place. The firm obtained round $958,000 in patent license income within the first quarter.
One of Ericsson’s greatest rivals, Nokia, additionally signed a patent settlement with Samsung earlier this yr.
The cross-license settlement between Ericsson and Samsung covers gross sales of community infrastructure and handsets from January 1, 2021.
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