We have entered a new era led by 5G and AI. In a recent development, two of the most popular technology brands; Nokia and Honor have reportedly joined hands for a 5G patents cross-licensing agreement. This is a win-win move for not only the companies but for the overall development of the tech and consumers as well.
In the last year, Nokia has signed three major patent agreements and at the start of the new year, the brand continues to sign a new patent agreement with Honor.
What’s the significance of the Honor x Nokia 5G Patent Cross Agreement?
In an official announcement made on January 4, 2024, Nokia announced their collaboration with Honor Tech. The brand claims that this patent agreement covers both the manufacturer’s fundamental 5G inventions and other cellular technologies for use. They further go on to claim that this is the fourth major agreement they have signed in the past 12 months.
They have invested more than EUR 140 Billion (~$153 Billion) in research and development over the last 23 years. Till now, they have developed around 20,000 total patents and around 6,000 of them belong to 5G and cellular technologies.
Shading more light on the patent, Nokia has been going through some hard times legally in China because of their past patents and some other related issues. However, this latest agreement with Honor will surely help them avoid future legal challenges and is said to enhance the collaboration between brands related to the 5G cellular technology.
The officials from the side of Honor claim that this agreement with Nokia is nothing but their commitment to the world of technology, innovation, and intellectual property rights. They are investing as much as 10 percent of their total revenue to serve the cellular tech and stay ahead of the other competitors. It is worth mentioning that Honor has also crossed more than 20,000 developed patents.
Both companies seem dedicated to the realm of technology and innovation. The latest cross-licensing agreement further fosters their commitment. Honor is among one of the largest tech giants in China and this collab with them will surely help Nokia in many ways possible.
Nokia had previously signed agreements with major players like Apple and Samsung in the past. Now, after adding Honor to the list, they are all set for the new highs.