The agreement covers a broad range of products and provides each company greater access to the other’s patent portfolio. The terms of the agreement are not being disclosed.
Patent cross-licensing clears the way for companies to create stronger partnerships and innovate in a more open environment that is good for business and that ultimately benefits customers and end users. This agreement is a demonstration of both companies’ commitments to making their intellectual property more readily available to their business partners and the technology industry at large. Additionally, it serves as a testament to the innovation taking place at the companies and the strength and breadth of their patent portfolios, which are among the largest and highest-quality in the world.