Ericsson and Samsung resolve international patent dispute with multi-year settlement

Ericsson and Samsung resolve global patent dispute with multi-year agreement

Ericsson and Samsung have resolved their high-profile international patent disputes with a multi-year settlement.

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.

(Photo by 2 Bull Photography on Unsplash)

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Tags: dispute, ericsson, featured, infrastructure, innovation, lawsuit, authorized, patent, patent settlement, samsung

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