Lenovo to Pay $138.7 million for InterDigital Patents

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In the latest round of a long-hauling legal dispute, the London High Court obliged China’s Lenovo Group Ltd (0992. HK) to pay $138.7 million to a U.S. technology firm InterDigital Inc. for a license for its telecommunications patents portfolio.

In 2019, InterDigital (IDCC.O) charged Lenovo over the litigation under which Lenovo should license its rights, which are crucial to 3G, 4G, and 5G standards. The fair, reasonable, and non-discriminatory (FRAND) conditions of a license for InterDigital’s patents are at the foundation of the lawsuit entailing five distinct trials.

Read more: Lenovo must pay $138.7 mln for InterDigital patents – London court

TalkDev Bureau
TalkDev Bureau
The TalkDev Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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