Google Buys Communication Patents from Foxconn
Google has purchased a number of communications-based patents from Foxconn for an undisclosed sum. Foxconn, based in China, manufactures devices for companies such as Apple. In addition to manufacturing, the company has its own research division and patented technologies. According to the Wall Street Journal, Foxconn is one of the top patent holders in the world. Neither Google nor Foxconn provided specifics about the patents being transferred. The additional intellectual property will help shore up Google's existing patent portfolio against lawsuits. Google purchased Motorola Mobility in 2012 in large part to gain access to its more than 17,000 patents. Smartphone companies have been waging patent-based war against one another for years. Robust patent portfolios are seen as a potential defense against such attacks.
Google, Seeking Patent Peace, Debuts PAX Licensing Network
Google today announced PAX, a patent-licensing initiative for Android that the company hopes will help resolve and/or prevent patent-related threats. Companies that join PAX give each other royalty-free patent licenses that cover Android and Google applications on compatible devices.
Sharp Accepts Lowered Takeover Bid from Foxconn
Foxconn has agreed to acquire a 66% stake in Sharp for $3.5 billion, said the companies today. The sale price is considerably less than the $5 billion Foxconn offered earlier in the month.
Foxconn Commits to Building Wisconsin Factory
Foxconn today said it will build a manufacturing facility in Wisconsin, where it will make LCD panels and employ up to 3,000 people. The company previously announced it might invest up to $10 billion in the U.S.
Sharp Leaning Toward Foxconn's $5.5B Bid
Sharp is favoring an acquisition offer from Foxconn over a potential rescue from Japanese investors. Sharp has lost market share in the consumer electronics business over the last few years while prices for its display panels have sunk.