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Deal

Nokia And Xiaomi Take On The World

Date Type Companies involved Size
July 10th, 2017 partnership Nokia
Xiaomi
Not disclosed
Nokia And Xiaomi Take On The World

Nokia and Xiaomi have signed a business collaboration agreement and a multi-year patent agreement to explore AR and VR, as well as the Internet of Things and Artificial Intelligence.

The deal includes a cross license to each company's cellular standard essential patents, while Xiaomi also acquired patent assets from Nokia. The Finnish company will provide network infrastructure equipment designed to deliver the high capacity, low power requirements expected by large web providers and datacenter operators.

Nokia and Xiaomi will work together on optical transport solutions for datacenter interconnect, IP Routing based on Nokia's newly announced FP4 network processor, and a datacentre fabric solution.

Rajeev Suri, President and CEO at Nokia said, "Xiaomi is one of the world's leading smartphone manufacturers and we are delighted to have reached an agreement with them," said. "In addition to welcoming such a prominent global technology company to our family of patent licensees, we look forward to working together on a wide range of strategic projects."

 

To You, From Mi

Xiaomi is already active in over 30 territories and has ambitions to become a truly global brand. Its Mi Ecosystem IoT platform has crossed 60 million connected devices, and there are now over 8 million daily active connected devices on the platform.

"As a company seeking to deliver more exciting technological innovations to the world, we are excited at the opportunity to work more closely with Nokia in future," said Lei Jun, chairman and CEO of Xiaomi. "Xiaomi is committed to building sustainable, long-term partnerships with global technology leaders.

"Our collaboration with Nokia will enable us to tap on its leadership in building large, high performance networks and formidable strength in software and services, as we seek to create even more remarkable products and services that deliver the best user experience to our Mi fans worldwide."


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Editor

Steve has been a games journalist on and off since the first PlayStation made games ‘cool’, but he’s never forgotten the thrill of finding a Space Invaders machine in the wild. Neuromancer is one of his favourite books and The Matrix is one of his favourite movies, so he’s been ready for VR all his life.

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