Lenovo said on Wednesday that Finland’s Nokia has reached a multi-year patent lawsuit with China’s Lenovo Group, the world’s largest personal computer manufacturer, and settled all pending lawsuits in all jurisdictions.
The Finnish telecommunications equipment manufacturer said that although the terms of the cross-licensing agreement remain confidential, Lenovo will pay Nokia the net balance.
A Nokia spokesperson declined to disclose financial details.
Nokia initiated legal proceedings against Lenovo in 201
Lenovo also sued Nokia in a California court.
A Munich court ruled here in September that Lenovo infringed a Nokia patent, issued an injunction and recalled products from retailers. The order was upheld here by the German Court of Appeal in November.
Lenovo’s Chief Intellectual Property Officer John Mulgrew said: “The conclusion of the global agreement will make future cooperation between our companies a benefit for global customers.
Nokia’s patent portfolio consists of approximately 20,000 patent families, including more than 3,500 patent families that have been declared important to 5G technical standards.
Last month, Nokia reached an agreement with Samsung to obtain a patent license covering innovations in its video standards.
Its Scandinavian rival Ericsson is also here in a patent dispute with Samsung and KPN NV, the largest telecommunications company in the Netherlands.
Reporting by Supantha Mukherjee in Stockholm; Editing by Matthew Lewis