© Nokia
Business | July 06, 2017
Xiaomi acquires patent assets from Nokia
Nokia and Xiaomi 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 is one of the world's leading smartphone manufacturers and we are delighted to have reached an agreement with them," said Rajeev Suri, President & CEO of Nokia. "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."
Under the business cooperation agreement, Nokia will provide network infrastructure equipment designed to deliver the high capacity, low power requirements expected by large web providers and 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.
"As a company seeking to deliver more exciting technological innovations to the world, we are excited at the opportunity to work more closely with Nokia in future," said Lei Jun, chairman and CEO of Xiaomi. "Xiaomi is committed to building sustainable, long-term partnerships with global technology leaders. 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 designed to deliver the high capacity, low power requirements expected by large web providers and 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.
"As a company seeking to deliver more exciting technological innovations to the world, we are excited at the opportunity to work more closely with Nokia in future," said Lei Jun, chairman and CEO of Xiaomi. "Xiaomi is committed to building sustainable, long-term partnerships with global technology leaders. 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."
Nova expands presence in China with multiple orders
Nova says that an integrated circuit (IC) manufacturer in China recently placed multiple orders...
From Tesla to Intel - Jim Keller will lead silicon engineering
Intel announces that Jim Keller will join Intel as a senior vice president. He will lead the company’s silicon engineering, which encompasses system-on-chip (SoC) development and integration.
Multiphase PMICs with Highest Efficiency and Smallest Footprint
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, today...
Aixtron's Q1/2018 revenues and order intake up
Order intake including spare parts and service improved in Q1/2018 to EUR 78.6m for...
Würth Elektronik eiSos expands its MagI³C series of power module
With the MagI³C-VDMM (Variable Step Down MicroModule), Würth Elektronik eiSos expands its...
Fresenius terminates merger agreement with Akorn
Germany headquartered medical company Fresenius has decidedto terminate the...
Sungrow to expand its production facilities into India
Inverter solution supplier for renewables, Sungrow, recently announced it would strengthen...
Analog Devices opens new Bengaluru facility
Analog Devices is opening its new Indian headquarters for the approximately 600...
Trio of new power supply families from N2 Power
N2 Power launch a trio of new lower power AC/DC switch mode power supply families with...
Molex and Rosenberger sign dual-sourcing agreement
The dual-sourcing agreement will allow Molex to produce High-Speed FAKRA-Mini...
SunPower's American expansion more than it seems?
SunPower agreed to acquire 100 percent of the Hillsboro, Oregon-based SolarWorld Americas. Consistent with the "desire to revitalize the U.S. high-technology manufacturing sector, SunPower plans to inject fresh capital...
exceet Card expands banking business with SECORA™ Pay from...
exceet Card AG is further strengthening its portfolio with SECORA™ Pay security solutions...
Insolvency administrator commences sales negotiations for Calyxo
The provisional insolvency administrator of Calyxo GmbH, Professor Lucas F. Flöther, has...
Samsung promises Vietnamese expansion
South Korean electronics giant, Samsung Electronics, is reportedly determined to...
Nexperia secures USD 800M financing
Nexperia has completed a successful round of refinancing of its current facilities with USD...
Blood Pressure Monitoring Evaluation Kit for Immediate Evaluation
Renesas Electronics, a premier supplier of advanced semiconductor solutions, today...
Thales Alenia Space in partnership for ISS-program
NanoRacks will pursue International Space Station opportunities in cooperation with...
Versum Materials opens R&D facility in Pennsylvania
Versum Materials, a materials supplier to the semiconductor industry, has officially opened its...
Qualcomm with 1'500 job cuts
Chipmaker Qualcomm Inc. is said to lay off 1'500 staff in California, the majority of which will have to leave the chipmaker’s San Diego headquarters.
What’s in your portable product?
We are all familiar with batteries these days; they are virtually ubiquitous in a myriad of...
Most Read
Load more news
Comments