Apple and LG have signed a long-term patent agreement

A few months ago, it was revealed that LG received 600 million dollars for licensing its patents, but the names of the companies that paid this money , not disclosed. Now The Elec news agency has announced that this money was paid by two companies, one of which is Apple.

BingMag.com Apple and LG have signed a long-term patent agreement

A few months ago, it was revealed that LG received 600 million dollars for licensing its patents, but the names of the companies that paid this money , not disclosed. Now The Elec news agency has announced that this money was paid by two companies, one of which is Apple.

According to the published report, it seems that LG and Apple have signed a long-term memorandum on patents that So that they do not face any problem in this field for at least 10 years. The knowledge source who spoke to this news agency did not provide detailed information in this regard, but said that this contract is related to a large number of essential patents.

In the past, when LG was present in the smartphone market, these two companies They had signed a mutual understanding and as a result, LG had to pay an amount for using Apple's patents. But now that LG is no longer present in the mobile market, it no longer has to pay to Apple and only receives money from this company. We should note that Nokia did the same thing after leaving the mobile market and earns a significant amount of money every year thanks to the registered patents.

Currently, Apple and LG have extensive relations with each other in the field of parts. and for example, we can point to the production of screens for some of the iPhone 14 models by LG.

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