South Korean-based phone manufacturer Samsung and China-based rival Huawei have reportedly settled their patent lawsuits after several years of legal disputes.
A report from Nikkei reveals that the settlement was mediated by the Guangdong High People’s Court in southern China and includes what’s likely to be “cross-licensing of patents tied to basic technologies.”
No specifics have been provided on these patents or basic technologies, but Samsung and Huawei working together is a big win for everybody, especially as the patents the two own can help eventually create better products from both sides.
In fact, the reason for the settlement is believed to be the two companies willing to spend the resources they would normally put in a lawsuit in other areas, including on product development. This makes sense in the long term, especially as the phone mar… (read more)
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