The deal was concluded after the expiration of the previous agreement.
Nokia Oyj has signed a new multi-year patent cross-licensing agreement with Samsung Electronics, allowing the mobile phone manufacturer to incorporate Nokia technology into its products.
The agreement replaces a previous agreement that expired at the end of 2022 and covers fundamental inventions in the field of 5G and other technologies.
Nokia will receive royalties from Samsung for the use of its technology.
“We are delighted to have reached an agreement that allows both companies to innovate and reflects the strength of Nokia’s patent portfolio, decades of R&D innovation, and contributions to cellular standards and other technologies,” said Jenny Lukander, president of Nokia Technologies.
As Nokia’s focus has shifted away from phones and toward intellectual property networking equipment, licensing has become increasingly important.
The company extended its patent licensing agreement with Huawei Technologies Co. in December, and two additional agreements with Chinese phone makers, Oppo and Vivo, are in the works.