Nokia signed licensing agreements with Chinese mobile phone manufacturers to reduce patent fees
A few days ago, it was reported that Nokia and two Chinese mobile phone manufacturers have signed a patent license agreement, and the lawsuit is fully over, but at the end of last year, OPPO and Nokia were sued to the Chongqing court for patent royalties, according to the judgment, Nokia in accordance with the principles of good faith, fairness and reasonableness to ask for the recovery of patent royalties.
In recent years, Nokia has demanded license fees from two Chinese phone makers in Europe, forcing Germany to seize the phones of the two Chinese phone makers. Two Chinese mobile phone companies said they would not refuse to pay the license fee, but Nokia was asking for too much.
Subsequently, OPPO took Nokia to court in Chongqing, and finally issued a verdict in December 2023. The judgment has a significant impact on Nokia because it clarifies the overall performance of the 5G standard in the mobile industry and provides Chinese manufacturers with important standards for using 5G patents.
On January 24, 2024, it was reported that OPPO signed a patent license agreement with Nokia, followed by another phone manufacturer signing a patent license agreement with Nokia. This highlights Nokia's acceptance of a Chinese court ruling on which other foreign companies can use to collect royalties for Chinese mobile phones.
Nokia announced its results for fiscal year 2023, and while royalties are still the main profit**, royalty income has fallen by 32%, which shows that Chinese mobile phone companies refuse to pay performance royalties, which has a great impact on Nokia, and now the Chinese court has finally ruled that Nokia can collect royalties, but Nokia can't set it as carefree as before**.
International companies always like to claim to be compliant"frand "principles and pay royalties, but in reality they are often greedy and ruthless, and even suppress Chinese companies as they once did in the ** industry.
In the 90s of the 20th century, Chinese manufacturers squeezed the videotape industry by producing low-cost VCDs, and then the West, Japan and South Korea jointly introduced ** standards in an attempt to re-dominate the film and television industry with more advanced technology. However, Chinese manufacturers soon entered the market and reduced their prices from more than 5,000 yuan to less than 2,000 yuan, making it impossible for Europe, the United States, Japan and South Korea to produce such cheap products, so they formed a patent alliance. The patent alliance eventually destroyed China's industry by charging a license fee higher than the ex-factory price.
In the mobile phone industry, Nokia dominated the global mobile phone market for 14 years, but with the advent of the smartphone era, Nokia quickly lost and even sold to Microsoft, and then Microsoft also gave up this part of the mobile phone business, Nokia became a Nokia brand recognized by HMD, and Nokia itself began to rely on the patents left by Nokia mobile phones to earn royalties, but Nokia's greed for royalties is too high! This has made Chinese mobile phone manufacturers complain.
Now, the winning judgment of Chinese mobile phones in domestic litigation has prompted Nokia to accept the benchmark results of other Chinese mobile phone companies and reduce patent fees, which also means that European and American companies intend to rely on patent advantages to strangle the Chinese industry with higher patent fees, which means that it is impossible to rely on patent advantages to strangle the Chinese industry.
There's a tech company that's way ahead of the curve when it comes to 5G patents, but only charges 2$5 license fee. This shows that Chinese enterprises do not bully the weak, but follow the principle of fairness and reasonableness to jointly promote industrial prosperity.