Finnish tech giant Nokia has signed a new deal to license its 5G patents to Samsung.
On the plate there would be at least 4,500 patents considered "essential" for the development of the new generation standard.
A previous agreement, which expired in December, already allowed the Korean company to access some of Nokia's technologies, also integrating 5G solutions into products destined for the market.
According to a statement released by Nokia, the deal gives Samsung access to "key inventions in 5G and other technologies."
"Samsung is a leader in the smartphone sector and we are pleased to have reached a new agreement with them" explained Jenni Lukander, president of Nokia Technologies, adding that the move will offer the two companies "freedom to innovate", underlining "the strength of the of Nokia patents, the result of decades of investment in research and development".
The northern European company said it has invested more than €130 billion in research and development since 2000, which has resulted in more than 20,000 patent categories, 4,500 of which are considered "essential" for 5G technology.
Companies can license and use these technologies without the need to make their own investments, fueling innovation and the development of new products and services for consumers.
Although the terms of the agreement remain confidential, there is confirmation that Samsung will make royalty payments to Nokia for a multi-year period starting January 1, 2023. In 2021, Nokia became one of the first companies to receive ISO 9001 certification for the management of its patent portfolio.
The certification evaluates organizations based on their ability to consistently deliver quality results when designing, developing and delivering products and services.
