Developed markets such as the US, are very competitive when it comes to patents, and therefore, companies need a strong patent portfolio, if it plans to enter the market. Technology giant Chinese company Xiaomi, entered into a patent license agreement with Qualcomm.
Currently, the company mainly uses chipsets from Qualcomm and MediaTek. Thus, the conclusion of a patent agreement with Qualcomm will help the company expand its presence in other markets.
Also conclude patent license agreement with Qualcomm’s, which has a large patent pool, Xiaomi protect against potential lawsuits.
Under the deal, Xiaomi will produce devices that will be used by Qualcomm in 3G and 4G modem, which is a win-win for both brands situatsiets.
The deal may also increase the chances of companies in the production of its own chipsets. We heard from a few