Samsung settles cross licensing agreements with Google + Ericsson

Samsung and Apple may never reach a settlement and continue their feud for years, but the South Korean giant has settled patent deals with two other tech rivals today.

Samsung and Google

On Sunday, Samsung and Google announced a long-term cooperative partnership with a global patent cross-licensing agreement that covers a broad range of technologies and business areas.  The agreement covers the existing patents of both parties as well those to be filed in the next ten years.  It will also allow both parties to access each other’s patents to pave the way for further collaboration on future technologies.

Allen Lo, Deputy General Counsel for Patents at Google, stated that this agreement will allow the two companies to focus on innovation instead of potential litigation.

“This agreement with Google is highly significant for the technology industry,” said Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center. “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”

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Samsung and Ericsson

And on Monday, Ericsson, the largest maker of network equipment, signed a cross-licensing deal Samsung.  This cross-licensing deal ends a patent dispute file by Ericsson in 2012, when it accused Samsung of infringing its patents.

The deal not only allows both parties access to each other’s patents, but this will also boost Ericsson’s fourth quarter sales. Though the financial details of the deal are confidential, Ericsson announced that the cross-licensing deal will boost its fourth quarter sales by 4.2 billion Swedish krona, or $652 million, and net income will increase by 3.3 billion Swedish krona, around $512 million.

This patent settlement already proved beneficial for Ericsson as its shares were up 2.7 percent in early trade at 77.10 Swedish krona.

“This agreement allows us to continue to focus on bringing new technology to the global market and provides an incentive to other innovators to share their own ideas,” said Kasim Alfalahi, Ericsson’s Chief Intellectual Property Officer.

The deal covers patents related to Global System for Mobile communications, Universal Mobile Telecommunications System, and Long Term Evolution mobile network technology standards for both networks and handsets.

About Mellisa Tolentino

Mellisa Tolentino started at SiliconANGLE covering the mobile and social scene. Over the years, her scope expanded to Bitcoin as well as the Internet of Things. SiliconANGLE gave Mellisa her break in writing and it has been an adventure ever since. She’s from the sunny country of Philippines where people always greet you with the warmest smile. If she’s not busy writing, she loves reading, watching TV series and movies, but what she enjoys the most is playing or just chilling on the couch with with her three dogs Ceecee, Ginger, and Rocky.