Nokia seems to be doing everything possible by not leaving any stone unturned. The latest information now is the agreement signed between the Finnish tech giant and a Chinese tech monster, Xiaomi, another smartphone manufacturer. This agreement involves the ability to uses each other’s cross-license cellular standard essential patents.
Recall that Nokia takes patenting very serious. For the uninitiated, few months ago, Nokia patented its Nokia 6 smartphone design. The move to patent the design came as a surprise to everyone because no one was expecting a an OEM that’s trying to make a comeback make a business move of that magnitude. Well, it seems they had a foresight of this in mind when they made the move.
“Xiaomi is one of the world’s leading smartphone manufacturers and we are delighted to have reached an agreement with them,” said Rajeev Suri, President & CEO of Nokia.
He continued, “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.”
Along with the multi-patent agreement, Xiaomi has fully acquired some patent assets. The business agreement will see Nokia providing basic network infrastructure equipments and low power requirements to Xiaomi. The deal will also see the two OEMs combining in exploring fields like Internet of Things (IoT) and Artificial Intelligence (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,” said Lei Jun, chairman and 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.”