Nokia Signs Multi-Year Patent License Deal with Samsung for Video Tech

Samsung and Nokia have inked a multi-year patent license deal that covers the use of Nokia's video technologies in Samsung televisions, the company exposed. Samsung will pay Nokia royalties as per the agreement.

“We are delighted to have reached an agreement with Samsung covering the use of our video technologies in their world-class TVs. The agreement is yet another proof point of Nokia’s leadership in video and multimedia technologies, and further validation of our decades-long investments in multimedia R&D and standardization.” Arvin Patel, Chief Licensing Officer, New Segments at Nokia, said.

Nokia stated that the new agreement is distinct from the current 5G patent license agreement between the two companies and that the contents of the agreement are confidential.

Nokia Corporation is a multinational corporation specializing in consumer electronics, information technology, and telecommunications from Finland. The Tampere region of Pirkanmaa is where Nokia really originated, however its major offices are in Espoo, Finland, in the Helsinki metropolitan area.

The Samsung Group is a worldwide manufacturing company based in Seoul, South Korea, with its headquarters situated in the Samsung Town office complex. In South Korea, the group is the largest chaebol (business conglomerate) and is made up of several related companies, the majority of which are branded as Samsung. Samsung's brand value is the sixth highest in the world as of 2024.