Today’s judgment further reinforces Lenovo’s continued commitment as a willing licensee and validates the license rate Lenovo advocated for in litigation.
Lenovo’s John Mulgrew, Vice President, Deputy General Counsel & Chief Intellectual Property Officer, welcomes the decision as follows:
“Lenovo’s clear win in this FRAND rate-setting case is a broader, landmark victory for the technology industry and the customers we serve. The Court’s determination that InterDigital’s global cellular royalty rate should be US$0.175 per unit provides full transparency in the face of InterDigital’s supra-FRAND offers and behavior as an unwilling licensor. We are pleased that the UK Court's judgment facilitates the proliferation of affordable innovation to customers around the world.”
Lenovo’s earlier comments on the FRAND case can be found in this (https://lnv.gy/3picoRT) statement. The full judgment will be available on the National Archive website later today under case number HP-2019-000032.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$62 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230627295971/en/
This news is a press release from the provider.
Korea Newswire is committed to verifying the transparency of providers and eliminating content errors.
You can receive press releases from this company or in industries of interest via email and RSS for free. Subscribe>
News provided byLenovo