Nowadays, it is very important to license technologies and to keep these licenses. When a new technology is to be developed, manufacturers must take into account the existing licenses. Otherwise, long-lasting patent wars may occur.
Giant license payment from Apple
Operating in many fields, LG is one of the important patent giants. For this reason, technology giants have to knock on their door. So much so that the company is known to earn significant income from these agreements.
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LG’s last patent agreement was with Apple. Although the details are unknown, Apple agreed to pay LG $595 million for a patent fee for a total of 10 years. It is stated that another company has paid around $67 million in patent costs.
These licenses are probably vital for the technologies that Apple will develop in the next period. Apart from Apple, it was also noted that Samsung will soon make a licensing agreement.
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