Report: Apple and LG enter a long-term patent use agreement
August 22, 2022
In April, LG Electronics received a one-time payment in patent licensing fees for around $600 million but didn’t name the customers. Now, The Elec has learned that this licensing fee was from two companies, one of them being Apple.
According to the publication, LG Electronics and Apple “likely entered a long-term patent use agreement of up to ten years as is standard for large…