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Google and Samsung in new patent deal


Business

Google and Samsung in new patent deal

Technology giants Google and Samsung have signed a global patent deal. The cross-licensing agreement is aimed at enhancing innovation and reducing what the companies call “the potential for litigation”.

It is – in the words of a statement from Samsung – “highly significant for the technology industry” and will cover a broad range of technologies and business areas. The agreement will apply to both existing patents and any filed over the next decade.

The move is expected to strengthen the companies’ position against rivals like Apple which has filed multiple lawsuits worth billions of euros for alleged patent infringements.

Samsung profit down on slowing smartphone sales

Business

Samsung profit down on slowing smartphone sales