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. The founding members of PAX include Google, Samsung, LG, Foxconn, HMD Global, HTC, Coolpad, BQ, and Allview. Together, these companies own some 230,000 patents. Google says the patent pool will only grow as more companies join the network. "We believe PAX will further expand the openness of Android for its members, promoting patent peace that will free up time and money for members, who can then dedicate those resources to creating new ideas," said Google. PAX is free for companies to join. Electronics companies often use technology patents as revenue sources, and litigate in order to seek payment. PAX may help reduce patent-based litigation depending on which companies join and what patents are cross-licensed with the group.
Jan 9, 2017
HMD Global this week announced the Nokia 6, the first smartphone to fall under the company's plan to resurrect the Nokia brand. HMD Global is a Finland-based business with the sole license to design smartphones using the Nokia brand.
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Facebook today announced Libra, a new digital currency that aims to combine the best features of other cryptocurrencies in order to be more consumer-friendly. The currency will be administered by the Libra Association, a new non-for-profit based in Geneva.
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HMD Global today announced the Nokia 8.1, a devices that blends high-end design and performance in an affordable package. The 8.1 is a metal and glass slab.
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Foxconn says it has agreed to acquire Belkin International for $866 million in cash. Foxconn, a unit of Hon Hai Precision, is most widely known for manufacturing iPhones for Apple.