In a press release today, Nokia announced it had entered into a cross-licensing deal with Xiaomi that will allow both companies to leverage some of each other’s technological assets. Xiaomi would also receive the license to use and implement technologies based on several of Nokia’s patents.
According to the announcement, Xiaomi will receive network and infrastructure equipment to deliver the high capacity low power requirements of web providers and data operators. The two companies will also work together on “optical transport solutions for datacenter interconnect, IP Routing based on Nokia’s newly announced FP4 network processor, and a data center fabric solution” while also collaborating to explore further opportunities to current hot areas in tech such as the Internet of Things, Augmented Reality (AR), Virtual Reality (VR) and Artificial Intelligence (AI).
Nokia’s President and CEO Rajeev Suri said in a statement: “Xiaomi is one of the world’s leading smartphone manufacturers and we are delighted to have reached an agreement with them”. Likewise, Xiaomi CEO Lei Jun was also excited at the prospect of working together with Nokia stating that their collaboration will help the company “tap on its leadership in building large, high performance networks and formidable strength in software and services”.
In addition to welcoming such a prominent global technology company to our family of patent licensees, we look forward to working together on a wide range of strategic projects.
Rajeev Suri, President & CEO, Nokia
Xiaomi, the press release reveals, has about 60 million connected IoT devices and operates with a presence spanning 30 countries worldwide. While the US continues to evade Xiaomi, this deal will hopefully take it one step closer to penetrating the lucrative US market.