LG It ended its activities in the smartphone industry a few years ago. However, the company is looking for ways to generate revenue from its patents in the mobile field. In this context LG, Oppo By signing a new agreement with mobile patents He handed it over to the Chinese manufacturer.
LG sold phone patents to Oppo
LG once stood out with its devices with innovative features such as modular design and rotating screens. However, it could not withstand the competition from brands such as Apple, Samsung and Xiaomi. Despite the innovations it made in this field, it could not survive. In 2021, it announced that it was closing its loss-making mobile division.
However, LG mobile research and development He does not want to leave behind the money he earned from his investments. The company’s patent portfolio continues to generate profits even though it no longer produces phones.
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LG will first launch in 2022 Apple signed a major patent agreement with. Now LG’s decision to Oppo with video and audio solutions It reportedly sold 48 related key patents. Although the amount of the deal is unclear, it includes LG’s solutions in the US market.
While Oppo has its own patent portfolio, it has faced litigation issues for some time that have affected its global expansion. The new agreement with LG provides Oppo with a significant number of patents. The company will be able to gain full access to various standards-based technologies.
On the other hand, LG is more focused on display solutions. Samsung and LG, which have closed some screen production factories, have lost their dominance in affordable LCD screens to Chinese companies.
So what do you think about this issue?