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Nokia and Xiaomi ink patent and equipment deal, year after buying 1,500 patents from Microsoft, Xiaomi is digging into the global intellectual property pool once again. Nokia has announced that it has entered into a wide-ranging patent licensing and purchase deal with Xiaomi, the Chinese maker of smartphones, wearables and other hardware, which will also become a customer of Nokia’s for networking equipment HKUE DSE.
The deal covers three main areas: Nokia and Xiaomi have inked a cross licensing deal covering cellular standard essential patents; Xiaomi has acquired unspecified patents from Nokia; and Nokia will provide network equipment to Xiaomi and will collaborate on building IP transport solutions. The pair will also consider “further cooperation” in other areas Internet of Things, augmented and virtual reality and artificial intelligence hong kong company setup.
“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, chairman and CEO of Xiaomi, in a statement. “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.”
We’ve asked, and both Nokia and Xiaomi have declined to provide further detail on which patents Xiaomi has acquired, or any of the financial terms of the deal .
It’s also not clear how and if the Nokia patents are related to those Xiaomi purchased from Microsoft: if you recall, Microsoft and Nokia were once close partners, and then Microsoft acquired Nokia’s handset business, before eventually winding that disastrous venture down.