Nokia and Xiaomi announced a business collaboration agreement with multi-year patent agreement, which includes cross licensing for each company’s cellular standard essential patents. Under the new business agreement, Xiaomi also acquired patent assets from Nokia and also nokia acquires patent assets from Xiaomi.
Nokia and Xiaomi announced that they have signed a business collaboration agreement and a multi-year patent agreement, including a cross license to each company’s cellular standard essential patents. Xiaomi also acquired patent assets from Nokia as part of the transaction.
Nokia Corporation is a Finnish multinational communications and information technology company, founded in 1865. Nokia’s headquarters are in Espoo, Uusimaa, in the greater Helsinki metropolitan area. In 2014, Nokia employed 61,656 people across 120 countries, did business in more than 150 countries, and reported annual revenues of around €12.73 billion. Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange. It is the world’s 274th-largest company measured by 2013 revenues according to the Fortune Global 500, and is a component of the Euro Stoxx 50 stock market index.
Xiaomi Inc. is a privately owned Chinese electronics company headquartered in Beijing. It is the world’s 5th largest smartphone maker in 2015. Xiaomi designs, develops, and sells smartphones, mobile apps, laptops, and related consumer electronics.
Both the companies will also be working on areas like Internet of Things, augmented and virtual reality (or AR and VR), Software generation, Security patch and artificial intelligence (AI).
Commenting on the agreement, Rajeev Suri, President and CEO of Nokia said,
“Xiaomi is one of the world’s leading smartphone manufacturers and we are delighted to have reached an agreement with them. 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.”
Lei Jun, Chairman and CEO of Xiaomi also commented on the partnership, saying,
“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.”
Under the business cooperation agreement, Nokia will provide network infrastructure equipment aimed at datacenter operators. Nokia and Xiaomi will work together on optical transport solutions for datacenter interconnect, IP Routing based on Nokia’s newly announced FP4 network processor, and a data center fabric solution. In addition, the companies have agreed to explore opportunities for further cooperation, in areas such as Internet of Things, augmented and virtual reality, and artificial intelligence.
According to PhoneArena report, HMD Global and Xiaomi have signed a deal which will mean that a future Nokia smartphone will feature Surge S1 SoC. Unfortunately, there’s no word when we will get to see first phone featuring Xiaomi Surge S1 SoC. For leger notice check here