LG Electronics and Qualcomm Sign 5G Patent Use Agreement

 LG Electronics and Qualcomm have agreed with a new 5G patent. In the future, LG Electronics will be able to use Qualcomm’s 5G patent for five years, thus developing and selling wireless devices using 3G, 4G (LTE) and 5G technologies. Qualcomm did not disclose the transaction amount, but it is reported that they will receive royalty from LG Electronics in the future.

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 Patent license agreement with Qualcomm

This agreement was a separate measure from the expiration of the patent use agreement that expired last December, apart from the existing communication chip use agreement. Not long ago, Qualcomm was fined by the US Federal Trade Commission for violating fair trade laws. At the time, LG Electronics insisted that Qualcomm violated fair trade, but ironically, this negotiations of the 5G patent license took place after a ruling against the antitrust law. Eventually, the agreement, which has followed existing practices, suggests that LG Electronics would have been forced to produce products and preoccupy the 5G market.

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 LG's efforts to preoccupy 5G market

Currently, LG Electronics is trying to preoccupy the 5G market at home and abroad. LG Electronics' 5G smartphones are trying to increase sales through aggressive marketing, and LG Uplus is also trying to attract customers by promoting baseball games using 5G. LG seems to bid for victory in various ways to show a different look in the 5G market.

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 Can LG succeed in reversing the mood?

LG Electronics and Qualcomm's patent license agreement is thought to be a card for LG Electronics to reverse the mood in the 5G market. The fact that 5G patent license contract is made even knowing that it’s not fair should be regarded as LG's strong commitment to the 5G market. LG, which is struggling in both the smartphone and telecommunications industries, is expected to be able to reverse its mood in the 5G market.