UK court orders Samsung to pay China’s ZTE a $392 million lump sum after patent trial

LONDON: Samsung Electronics must pay a $392 million lump sum for a licence to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday in the English leg of the companies’ global licensing dispute.

ZTE has brought parallel ‌lawsuits ⁠against Samsung ⁠in China, Germany and Brazil as the two companies battle over the terms on which Samsung can use ZTE’s patents, and most importantly the cost.

The patents are needed to ensure smartphones can access networks.

Read more

You may also like

Comments are closed.

More in Newspapers