2023-02-21
After Apple, LG began to plan to collect patent fees from Samsung
LG Electronics is expected to follow Apple's example and implement the patent monetization strategy for Samsung Electronics. LG Electronics, which withdrew from the mobile phone business in 2021, received 800 billion won of patent revenue from Apple, the world's largest smartphone sales last year. The next target is Samsung Electronics, which ranks second in global smartphone sales. The business relationship between LG Group and Samsung Group can become a variable of LG's electronic patent monetization strategy. It is also observed that if the demand of LG Electronics to pay the patent license fee increases, Samsung Electronics will try to compromise in the patent negotiation, and take LG Display to purchase W-OLED as the condition.
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