Samsung, Google ink patent deal
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Samsung Electronics Co has signed an agreement with Google Inc to cross-license their patents, reducing the risk of costly legal disputes over intellectual property and likely fostering greater collaboration between the two tech giants.
Seoul-based Samsung said yesterday that the deal covers patents to be filed over the next 10 years as well as existing patents. Financial terms were not disclosed.
Allen Lo, a deputy general counsel at Google, said in a statement that the deal allows the two to reduce the potential for litigation and to focus on innovation.
Samsung said it also paves the way for deeper collaboration on research and development for Samsung and Google. The two already work on smartphones and televisions.
The announcement means there will be a higher possibility for Samsung to participate in Google’s key projects as a hardware partner, said Chung Chang-won, analyst at Nomura Financial Investment Co.
Chung picked wearable PCs, which connect everyday objects such as glasses to wireless networks, and Google’s self-driving cars as the products that Samsung could join forces with Google.
Tech companies often use litigation to stop rivals from using patents without permission but many of the disputes end in cross-licensing agreements outside court.
Samsung, maker of Android-powered Galaxy devices, is in legal fights with Apple.
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