Chinese tech giant Xiaomi and Finnish counterpart Nokia announced Wednesday that they have signed a business collaboration1 agreement and a multi-year patent agreement.
中国科技公司小米与芬兰诺基亚周三宣布,双方签署一项商务合作及多年有效的专利许可协议。
The agreements include a cross
license2 to each company's
cellular3 standard essential patents and Xiaomi also acquired patent assets from Nokia as part of the transaction, according to a statement from Xiaomi.
Nokia will offer network
infrastructure4 equipment designed to deliver the high capacity, low power requirements expected by large web providers and data center operators.
The two companies will work together on optical transport solutions for data center interconnection and other fields. They also agreed to explore opportunities for further cooperation, in areas such as the Internet of Things,
augmented5 and virtual reality, and artificial intelligence.
Collaboration with Nokia will enable Xiaomi to tap on its leadership in building large, high performance networks and strength in software and services,
helping6 Xiaomi create more
remarkable7 products and services with best user experience to Mi fans worldwide, according to Lei Jun, chairman and CEO of Xiaomi.