Lenovo to Pay $138.7 million for InterDigital Patents

Lenovo to Pay $138.7 million for InterDigital Patents

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