LG plans to sell patents for its closed mobile division

LG officially in 2021 with the mobile world Goodbye And now it is reported that he intends to start a new company to license thousands Patent Sell ​​the rest of your mobile business to manufacturing companies. The Korean giant is said to have about 20,000 related patents Wireless technology Like 5G.

According to the published report, LG has not been able to use some of its patents after closing its mobile division, and now it intends to form a new company, its transactions for Sell ​​them to different mobile brands in the world To start. Among these brands can be Samsung He pointed out that after the company left the mobile world, it intended to have 5G patents.

However, nothing has been officially announced yet, and it remains to be seen whether companies that have previously applied for LG patents still intend to purchase them.

LG’s reason for selling its patents

Given that LG will not produce a new mobile phone, these technologies and patents will not apply to their product line, and selling them to its former competitors will not affect the current business of the Korean giant. In addition, the Koreans’ main motivation for the decision is said to be the very high cost of patent protection, which is estimated to be annual. More than $ 16 million It costs them money.

However, some of these patents are very important to LG and they may have more time left. In fact, the tech giant is likely to develop some of them Smart appliances And products Internet of Things Will use itself. LG also announced late last year that some of these patents were accelerating business development. Car accessories It becomes.