Xiaomi Resolves Patent Dispute With Seimens, Orange And IP Bridge

Xiaomi on Wednesday resolved its long-standing patent disputes with IP Bridge, Orange and Siemens through an “innovative patent licensing deal”, allowing efficient licensing of patent rights across multiple technologies from the three companies to Xiaomi. announced that it will be

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The deal was facilitated by Novus IP, which is owned by Xiaomi’s former “Head of IP Strategy”, Paul Lin.

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Ran Xu, General Manager of Global Business Development and IP Strategy at Xiaomi Group, said: statement.

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“This unique transaction structure allows Xiaomi customers to efficiently benefit from the inventions of the three companies.” Siemens is a leading technology company focused on purposeful technology. “For us, protecting our innovations with patents is very important,” said Rudolf Freytag, Head of Licensing and Technology Acceleration at Xiaomi.

If you recall, Xiaomi started facing problems domestically in April 2022. At that time, the Enforcement Department (ED) seized his belongings worth Rs 555.127 crore from the company on suspicion of violating foreign exchange regulations. However, the company denied the allegations.

For years, Xiaomi’s India unit deceived its bank, Deutsche Bank, by claiming that it agreed to pay royalties when it did not, according to a Reuters report. ) claimed. This came less than a week after Xiaomi India suspended financial services in the country.