Nokia and Xiaomi sign patent deal, Xiaomi becomes Nokia’s customer
Xiaomi has now become a customer of Nokia, following the recent deal
Nokia and Xiaomi have recently signed a wide-ranging patent licensing and purchase deal and the partnership may get extended in the future
Last year Xiaomi bought 1,500 patents from Microsoft and now this year the company is once again diving into the global intellectual property pool. Nokia has recently announced that it has entered a wide-ranging patent licensing and purchase deal with Xiaomi, which will soon become a customer of Nokia for networking equipment.
The recent deal between the two companies includes a cross-licensing deal covering cellular standard-essential patents, Xiaomi’s acquisition of unspecified patents from Nokia and the agreement that says Nokia will provide network equipment to Xiaomi and will collaborate on building IP transport solutions.
Reportedly, the pair will consider “further cooperation” in other areas like IoT, AR, VR and AI.
“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. 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,” said Lei Jun, chairman and CEO of Xiaomi, in a statement.
On the other hand, Rajeev Suri, President & CEO of Nokia, said that “Xiaomi is one of the world’s leading smartphone manufacturers and we are delighted to have reached an agreement with them. In addition to welcoming such a prominent global technology company to our family of patent licensees, we look forward to working together on a wide range of strategic projects.”