Electronics major Samsung and Google entered into a mutually beneficial cross licensing deal where both the parties will share all existing patents as well as the ones that will be acquired in the next ten years. This decade long partnership between Samsung Electronics and Google has set the preface for more such deals between corporations that are at loggerheads with each other. The details about patents and technologies covered in the pact were not disclosed. The terms and conditions remained a secret as well.
Deputy General Counsel for Patents at Google, Allen Lo said, “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.” On similar lines, Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center opined, “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes,” Josh Miller reports for CNET.
Per the advice of the U.S. court, Apple and Samsung are expected to hold negotiations by 19 February to sort out similar patent infringement issues. So far, Apple has had the better of its counterpart in the proceedings. Currently the South Korean electronics giant owes the American multinational $930 million in damages. Next court hearing is on 31st of March.
Deputy General Counsel for Patents at Google, Allen Lo said, “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.” On similar lines, Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center opined, “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes,” Josh Miller reports for CNET.
Samsung and Google’s partnership is long standing. They worked together for Samsung Galaxy Nexus smart phone in 2011. Samsung Galaxy S4 Google Play Edition runs on Android instead of the operating system that is developed by the manufacturer. Further, Galaxy S4 and the Galaxy Note 3 were the first ones outside the Nexus series to run Android differently. However, Google’s Motorola mobility which manufactures hardware can give Samsung a run for its money in the future. There were reports of tension between the two multinationals but both seem to believe that there is more to gain in partnership, especially in the mobile sector. Chung Chang-won, an analyst at Nomura Financial Investment predicts that wearable PCs and self driven cars will be the future joint ventures, reports Fionna Agomuoh of International Business Times.
Per the advice of the U.S. court, Apple and Samsung are expected to hold negotiations by 19 February to sort out similar patent infringement issues. So far, Apple has had the better of its counterpart in the proceedings. Currently the South Korean electronics giant owes the American multinational $930 million in damages. Next court hearing is on 31st of March.
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