November 06, 2014 12:30
LG has signed a cross-licensing agreement with Google so the two tech giants can share each other's patents.
The two companies will share existing patents as well as any to be filed over the next 10 years. Google concluded a similar agreement with Samsung in January.
Under the agreement, LG can freely use the patents for Google's Android operating system that holds an 80 percent share of the global smartphone market. This will make it easier for the Korean firm to use technology when developing smartphones and wearable gadgets in the future. In turn, Google can use LG's sought-after mobile communication patents.
As of late July, LG held the largest proportion -- 129, or 29 percent -- of the 447 LTE standard essential patents registered with the U.S. Patent and Trademark Office and the European Patent Office.
LG has produced Google's two flagship smartphones, the Nexus 4 and Nexus 5.
The two firms want to strengthen cooperation in several fields like smart cars and the so-called Internet of Things, a kind of universal barcoding system.
Exerts believe LG is hoping to gain a firmer position vis-a-vis perennial rival Samsung through the deepening partnership with the U.S. Internet giant.
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