Stock Market News

Nokia initiates patent infringement lawsuits against Amazon and HP

2023.11.03 16:49


© Reuters.

Finnish tech firm Nokia (HE:) has launched legal action against Amazon (NASDAQ:) and HP (NYSE:) over alleged unauthorized use of its video technology patents in multiple jurisdictions, including a federal court in Delaware. The company claims that Amazon’s Prime and Twitch services and HP devices are using technology covered by Nokia’s patents without agreeing to fair licensing terms.

The lawsuits were announced on Friday by Nokia’s Chief Licensing Officer, Arvin Patel. The company is accusing Amazon and HP of not playing by the rules and benefiting from technologies that Nokia invested heavily in developing. The legal actions involve filing cases against Amazon in five jurisdictions: the UK, US, India, Germany, and the EU Unified Patent Court. A separate case is being lodged against HP in the US.

These patents are the result of a €140 billion investment by Nokia since 2000 and cover areas such as video compression, content delivery, content recommendation, and hardware-related aspects. In a blog post, Nokia highlighted its substantial R&D investment over two decades, which includes ownership of more than 20,000 patent families and a €4.5 billion expenditure last year alone.

Despite the ongoing litigation with Amazon and HP, Nokia has successfully concluded licensing agreements with other tech giants like Samsung (KS:) and Apple (NASDAQ:). The company emphasized its technology’s influence in powering industries across multiple countries.

In addition to these cases, Amazon is also facing an antitrust lawsuit from the US Federal Trade Commission.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 63,790.09 0.37%
ethereum
Ethereum (ETH) $ 2,639.14 1.75%
tether
Tether (USDT) $ 0.999764 0.07%
bnb
BNB (BNB) $ 607.92 0.71%
solana
Solana (SOL) $ 147.32 2.19%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.588282 0.08%
staked-ether
Lido Staked Ether (STETH) $ 2,639.82 1.74%
dogecoin
Dogecoin (DOGE) $ 0.109337 1.83%
the-open-network
Toncoin (TON) $ 5.60 0.56%
cardano
Cardano (ADA) $ 0.382929 6.52%
tron
TRON (TRX) $ 0.151393 0.85%
avalanche-2
Avalanche (AVAX) $ 27.41 0.46%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,111.31 1.56%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,533.02 0.33%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.90%
weth
WETH (WETH) $ 2,639.55 1.67%
chainlink
Chainlink (LINK) $ 11.74 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 346.37 1.05%
polkadot
Polkadot (DOT) $ 4.56 3.04%
near
NEAR Protocol (NEAR) $ 5.29 3.08%
dai
Dai (DAI) $ 0.99966 0.07%
uniswap
Uniswap (UNI) $ 6.90 0.09%
leo-token
LEO Token (LEO) $ 5.55 0.24%
litecoin
Litecoin (LTC) $ 66.29 1.93%
sui
Sui (SUI) $ 1.67 7.10%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,765.38 1.56%
internet-computer
Internet Computer (ICP) $ 9.24 6.83%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.69 1.49%
bittensor
Bittensor (TAO) $ 562.19 3.83%
aptos
Aptos (APT) $ 8.12 2.75%
kaspa
Kaspa (KAS) $ 0.161522 2.17%
pepe
Pepe (PEPE) $ 0.000009 4.83%
monero
Monero (XMR) $ 169.28 2.04%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.10%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.40511 0.33%
blockstack
Stacks (STX) $ 1.93 4.98%
ethereum-classic
Ethereum Classic (ETC) $ 19.16 0.98%
stellar
Stellar (XLM) $ 0.095643 1.09%
immutable-x
Immutable (IMX) $ 1.76 2.04%
ethena-usde
Ethena USDe (USDE) $ 0.998957 0.04%
aave
Aave (AAVE) $ 165.03 6.92%
render-token
Render (RENDER) $ 6.12 1.05%
okb
OKB (OKB) $ 40.14 0.24%
crypto-com-chain
Cronos (CRO) $ 0.084773 1.76%
filecoin
Filecoin (FIL) $ 3.79 0.79%
arbitrum
Arbitrum (ARB) $ 0.601193 0.81%
injective-protocol
Injective (INJ) $ 21.88 1.78%
hedera-hashgraph
Hedera (HBAR) $ 0.0566 0.42%
mantle
Mantle (MNT) $ 0.626219 1.74%