LG Agrees to Pay Nokia Royalties, But Rates Not Settled
LG has signed a patent-licensing agreement with Nokia over smartphone technology, but the companies have yet to agree on pricing for the patents. Nokia may have sold its handset business to Microsoft, but it retained many of the related patents for licensing purposes. Nokia and LG have agreed to enter arbitration to settle pricing for the patents in question. The arbitration period is scheduled to conclude within two years. In the meantime, LG will be able to use Nokia's patented technology in its own smartphones. Patent-licensing has been a contentious issue for smartphone companies over the years. Samsung is currently in a similar arbitration arrangement with Nokia, which should be settled soon. Nokia's patent business earned the company $649 million in 2014. Nokia's main focus is its telecommunications and networking gear business.
Jul 13, 2020
US carriers have launched a flurry of new entry-level phones from LG and Samsung in recent weeks. The phones include three new models from each of the two manufacturers.
Feb 26, 2020
LG today announced the V60 ThinQ 5G with LG Dual Screen. Its specs are flagship-level, but not quite as top-end as past V-series phones.
Feb 20, 2018
Google today released Google Pay, the revised payment application and service that replaces Android Pay. Google Pay encompasses most features of Google Wallet and Android Pay in a single app, allowing people to use Google Pay to make payments online and via mobile devices.
Oct 2, 2017
Samsung cannot force customers who've filed class-action lawsuits into arbitration, according to the U.S. Supreme Court.
Aug 10, 2018
Qualcomm has reached an agreement with Taiwan to close an investigation concerning its patent licensing practices. Qualcomm will pay a fine of $93 million, and has promised to invest some $700 million in Taiwan over the next five years.