This archive report was first published on 9 August 2019.
On August 9, 2019, OPPO announced a significant milestone in its pursuit of technological innovation, signing a multi-year global patent license agreement with Ericsson.
The agreement, which covers patent licensing and collaboration on various business projects, marks a major step forward for OPPO in its quest to drive cutting-edge innovation in products and services.
As part of the deal, OPPO will acquire over 500 patents from Ericsson, covering key regions including the US, Europe, China, and India. These patents are a crucial component of the global race to 5G connectivity.
According to Adler Feng, Head of OPPO Intellectual Property Department, "OPPO has always placed intellectual property rights as our top priority. We look forward to working with Ericsson to drive cutting-edge innovation in products and services."
Gustav Brismark, Chief Intellectual Property Officer at Ericsson, added, "This important deal confirms the value of our patent portfolio and further validates the Ericsson FRAND licensing program. Ericsson has signed more than 100 patent license agreements to date, and we are delighted to sign a mutually beneficial agreement with OPPO."
OPPO's acquisition of these patents is expected to bolster its technological development capacity as the company expands its business in global markets. This move is part of a larger strategy to secure key communications patents from leading industry partners, including Intel and Qualcomm.
As of January 2019, OPPO had filed more than 33,000 patent applications worldwide and owned over 8,000 granted patents. The company continues to work closely with leading industry partners to bring the best products and experiences to consumers globally.
