The dirty details are couple of and far betwixt, but IBM as well as Samsung have only joined up to make known the obvious cross-license agreement that could have significant stroke in the universe we obsess with. According a (admittedly short recover embedded after a mangle, the two will permit their particular obvious portfolios to each alternative, though deliberation which specific conditions as well as conditions are being kept under wraps for right away, it’s on us to imagine what kind of magic will result from the agreement. Of course, the obvious portfolios for any of these companies is staggeringly vast — covering all from mobile technologies to semiconductors, as well as only about everything in in between. We’re told which a trade will allow each company to “innovate and work openly,” and to use each other’s patents to keep gait with a rapid enlargement of technology. Is a 5.2GHz z196-based Galaxy S just months away? A child can dream, can’t he?

[Thanks, Peter] Show full PR textSamsung Electronics and IBM Announce Patent Cross-License Agreement

SEOUL, South Korea and ARMONK, N.Y., – 08 Feb 2011: Samsung Electronics Co., Ltd. and IBM (NYSE: IBM) today voiced the obvious cross-license agreement, underneath which a companies will license their respective patent portfolios to each other.

Specific conditions as well as conditions of a agreement were not disclosed.

Over the past several decades, IBM as well as Samsung have built clever obvious portfolios covering a wide operation of technologies together with semiconductors, telecommunications, visual as well as mobile communications, software as well as technology-based services. This cross-licensing agreement enables a dual companies to innovate and work openly whilst using any other’s patented inventions to assistance keep pace with sophisticated record as well as business final.

The companies pronounced the team-work fostered by cross-licensing reinforces their capability to provide improved products and services, whilst progressing their competitiveness.

“This licensing agreement will assistance both companies expedite innovation and grasp commercial operation growth by providing each company access to a other’s patents for simple technologies,” pronounced Dr. Seungho Ahn, Executive Vice President and Head of a IP Center, Samsung Electronics. “We additionally hope a agreement will open new opportunities for wider collaboration between two of the heading innovators in the technology industry.”

“Patents and innovation are a vicious member of IBM’s high-value commercial operation plan,” said Ken King, vice president, Patents, Software & Services IP Licensing for IBM. “In addition to protecting a huge investment we have in R&D, patents additionally concede us establish cross-licenses, which provide IBM and partners like Samsung with significant freedom of movement, that is essential in a rival large-scale business environment.”

IBM as well as Samsung surfaced the list of the world’s many inventive companies in 2010 as the first as well as second recipients of U.S. patents, respectively. IBM has been a leading target of U.S. patents for 18 consecutive years.

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Via Engadget