InterDigital signs licensing agreement with Xiaomi
August 03 2021 - 4:00AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology
research and development company, today announced it has entered
into a multi-year, worldwide, non-exclusive, royalty bearing
license with Xiaomi.
The license covers Xiaomi’s cellular-enabled mobile devices
under InterDigital’s standard essential patents related to cellular
wireless (including 3G, 4G and 5G), WiFi and HEVC video
technology.
As part of the agreement InterDigital and Xiaomi have agreed to
dismiss all pending patent litigation and other proceedings between
the companies.
“We are very pleased to conclude this agreement with Xiaomi
which recognizes our long-term investment in research and
innovation in standards-based technologies and the strength and
breadth of our patent portfolio across several key technologies,”
said Eeva Hakoranta, Chief Licensing Officer, InterDigital. “This
deal adds one of the world’s leading smartphone manufacturers to
the approximately 80 companies, including Apple, Huawei, and
Samsung, which have taken licenses to InterDigital’s extensive
portfolio. Adding Xiaomi now allows us to offer our patented
technology to millions more consumers around the world while
working constructively with an industry leader.”
“Now a leading smartphone company in the world, Xiaomi has
continuously invested in core standards research to emerge as a top
contributor to standard essential technologies in the world,”
commented Paul Lin, Vice President of Global Business Development
and IP Strategy, Xiaomi Corp. “In the past year, the Xiaomi and
InterDigital teams worked hard to understand each other’s needs and
diligently seek to narrow the gaps. I’m glad, now that all disputes
are resolved between the two parties, Xiaomi can remain
laser-focused on bringing innovative products to market.”
About InterDigital®
InterDigital develops mobile and video technologies that are at
the core of devices, networks, and services worldwide. We solve
many of the industry’s most critical and complex technical
challenges, inventing solutions for more efficient broadband
networks, better video delivery, and richer multimedia experiences
years ahead of market deployment. InterDigital has licenses and
strategic relationships with many of the world’s leading technology
companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
About Xiaomi
Xiaomi Corporation was founded in April 2010 and listed on the
Main Board of the Hong Kong Stock Exchange on July 9, 2018
(1810.HK). Xiaomi is a consumer electronics and smart manufacturing
company with smartphones and smart hardware connected by an IoT
platform at its core.
Embracing our vision of “Make friends with users and be the
coolest company in the users’ hearts”, Xiaomi continuously pursues
innovations, high-quality user experience and operational
efficiency. The company relentlessly builds amazing products with
honest prices to let everyone in the world enjoy a better life
through innovative technology.
Xiaomi is one of the world's leading smartphone companies. The
company’s market share in terms of smartphone shipments ranked no.
2 globally in the second quarter of 2021. The company has also
established the world’s leading consumer AIoT (AI+IoT) platform,
with 351.1 million smart devices connected to its platform
(excluding smartphones and laptops) as of 31 March 31, 2021,
excluding smartphones and laptops. Xiaomi products are present in
more than 100 countries and regions around the world. In August
2020, the company made the Fortune Global 500 list for the second
time, ranking 422nd, up 46 places compared to 2019.
Xiaomi is a constituent of the Hang Seng Index, Hang Seng China
Enterprises Index, Hang Seng TECH Index and Hang Seng China 50
Index.
InterDigital Contact: Richard
LloydEmail: richard.lloyd@interdigital.com+1 (202)
349-1716
Xiaomi ContactQingyuan
Guoguoqingyuan@xiaomi.com
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