LG may still profit from its defunct smartphone business

What you want to grasp

  • LG may be taking into consideration licensing 1000’s of patents left at the back of through its useless smartphone business.
  • The corporate owns round 20,000 patents associated with wi-fi era, akin to 5G.
  • It will reportedly shape a spin-off corporate that can care for the ones patents and license them to smartphone manufacturers.

LG’s smartphone business will not be completely extinct but, form of. The South Korean company, which used to be in the past identified for its quirky smartphone designs (learn: LG Wing) is reportedly licensing 1000’s of patents associated with 5G and different wi-fi applied sciences.

As consistent with The Elec, LG is thinking about licensing one of the vital roughly 20,000 patents it received previous to shutting down its cell emblem. The corporate is claimed to be forming a spin-off corporate that can care for its licensing offers with more than a few smartphone manufacturers (by means of Digital Trends).

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