Xiaomi has planned assembly plant in Pakistan within the next three to four months. This strategic move not only signifies a significant milestone for the tech giant but also carries promising prospects for the Pakistani market.
(more…)Tag: Samsung
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Samsung mobile phones production to start with investment of $15 million in Pakistan
KARACHI: Lucky Motor Corporation Limited will start production of Samsung mobile phones with initial investment of $15 million in Pakistan.
Abdul Razak Dawood, Advisor to Prime Minister for commerce and Investment disclosed this on Saturday.
“I congratulate Lucky Group on partnering with Samsung Electronics. … to set up a mobile phone assembly plant with an initial investment of $15 million. It will create jobs.”
He said that this is the result of our mobile manufacturing policy. And a clear vindication of our ‘Make in Pakistan’ initiative.
The company issued a statement and announced production of Samsung mobile phones.
The company is manufacturing and assembly of motor vehicles. It is assembling KIA and Peugeot branded motor vehicles.
The company recently entered into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) for producing Samsung branded Mobile Devices in Pakistan.
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Lucky Motors signs deal to produce Samsung Mobiles in Pakistan
Lucky Motor Corporation Limited (LMC), a subsidiary of Lucky Cement Limited, has announced a strategic move into the electronics market by entering into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) to produce Samsung-branded mobile devices in Pakistan.
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Ericsson, Samsung agree on multi-year global patent licenses
KARACHI: Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021.
Furthermore, Ericsson and Samsung have agreed on technology cooperation projects to advance the mobile industry in open standardization and create valuable solutions for consumers and enterprises.
This settlement ends complaints filed by both companies before the United States International Trade Commission (USITC) as well as the ongoing lawsuits in several countries and confirms the value of the strong patent portfolios of both companies. The details of the agreement are confidential and will not be disclosed.
Ericsson’s IPR licensing revenues continue to be affected by several factors, mainly expired patent license agreements pending renewal, geopolitical impact on the handset market, technology shift from 4G to 5G, and possible currency effects going forward. In the second quarter 2021, IPR licensing revenues, including the new agreement covering sales from January 1, 2021, are expected to be SEK 2.0 b to 2.5 b.
Christina Petersson, Chief Intellectual Property Officer at Ericsson says: “We are delighted to sign a mutually beneficial agreement with Samsung. This important deal confirms the value of our patent portfolio and further illustrates Ericsson’s commitment to FRAND principles.”
Over several decades, Ericsson has made significant investments in R&D and in developing global mobile standards and is committed to licensing its standard-essential patents on fair, reasonable and non-discriminatory (FRAND) terms for the benefit of consumers and enterprises everywhere. The FRAND system allows access to technology and intellectual property, developed by inventors like Ericsson, and also rewards those inventors for their major up-front investment in R&D in each mobile generation.
The value of Ericsson’s IP portfolio extends to more than 57,000 granted patents and is strengthened by annual investment in R&D of approx. SEK 40 b. With a leading global position in 5G, the company is confident of growing its IPR revenues long term, thereby further maximizing the value of the overall patent portfolio.