Samsung And Ericsson Settle Patent Quarrel For $650 MillionBy cheatmaster 07:57 Sun, 18 Jul 2021 Comments
Swedish company Ecisson announced today that it has reached an agreement with Samsung to discontinue their 2012 patent infringement case. Samsung has accepted to pay up $650 million in addition to years of royalties.
The details regarding what royalties Samsung has accepted to pay are still unclear. The case started in 2012 on the grounds that Samsung has infringed several Ericsson patents including ones for clearer voice transmission, touchclassy screen functions and network efficiency.
Both companies signed their first licensing deal in 2001 when Samsung approached Ericsson to utilize its handset and network patents. The deal was then renewed in 2007, but things slowly went south in 2011 when the deal expired. The reason for this was Samsung's accusation of Ericsson higher royalty rates demands.
Over the weekend, Samsung also struck a long term license agreement with Google. The Korean company has also been in ongoing talks with Apple to reach an out-of-court agreement on their never-ending patent war.
Please LOGIN or REGISTER To Gain Full Access To This Article