Nokia and Xiaomi have signed patents for Future Projects together | Digitalbog

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Nokia and Xiaomi have signed patents for Future Projects together

Nokia and Xiaomi have signed a patent licensing agreement to share cellular and network knowledge, patents, and equipment.
Today, the Chinese smartphone maker and the Finnish network equipment maker said they have signed a business collaboration agreement and a multi-year patent deal, which includes a cross-license to each other's cellular standard-essential patents. While also agreeing to work with Nokia in areas such as the Internet of Things, virtual reality and artificial intelligence. Nokia will also be transferring patent assets to the company.

According to the companies, Xiaomi has also purchased patent assets from Nokia as part of the agreement.

Nokia, on the other hand, will supply network infrastructure equipment used by web providers and datacenter operators. It will also work with Xiaomi on technologies related to Nokia's new FP4 network processor.

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The agreement between both companies comes about even as both companies look for ways to dominate the phone markets again. Xiaomi has seen its lead slip away to rivals Oppo and Vivo in China, while Nokia is looking to bounce back into the phone business after a disastrous stint with Windows-powered devices. The patent agreement will likely benefit Xiaomi as it looks towards the US market in the future.

"Xiaomi is one of the world's leading smartphone manufacturers and we are delighted to have reached an agreement with them," said Rajeev Suri, Nokia's CEO in a statement.

Nokia already has licensing agreements with smartphone manufacturers including Samsung and Apple, but this is the first time the Finnish company has inked a deal with a Chinese firm. However, as OP Equities analyst Hannu Rauhala told Reuters, this could be "a good head start to negotiations with other Chinese manufacturers."

"As a company seeking to deliver more exciting technological innovations to the world, we are excited at the opportunity to work more closely with Nokia in future," said Lei Jun CEO of Xiaomi. "Xiaomi is committed to building sustainable, long-term partnerships with global technology leaders".

"Our collaboration with Nokia will enable us to tap on its leadership in building large, high-performance networks and formidable strength in software and services, as we seek to create even more remarkable products and services that deliver the best user experience to our Mi fans worldwide," Jun added.

In June, Nokia revealed an agreement with Spark to upgrade the New Zealand carrier's network using IP software and optics equipment over the next three years.

Financial details were not disclosed.

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