LG Electronics sells 48 video compression patents to OPPO, achieving a win-win situation

News on April 9, according to the latest disclosure by Korean media The Elec, in November last year, LG Electronics reached a patent deal with Chinese smartphone manufacturer OPPO.

In this transaction, LG Electronics transferred 48 codec standard patents related to video signal compression to OPPO. Specifically, these patents mainly involve video signal compression technology, which is of great significance for improving the multimedia processing capabilities of smartphones and other devices. Currently, 34 patents have been successfully registered with the U.S. Patent and Trademark Office, and the remaining 14 technologies are in the process of being registered.

#The data editor understands that this patent transfer is a win-win for both parties. On the one hand, after LG Electronics exited the mobile phone business, it still holds a large number of valuable standard patents. By transferring them to demand-side merchants, it can monetize the patents and further maximize the value of these patents. On the other hand, for OPPO, this acquisition will undoubtedly enhance the technical strength and market competitiveness of its smartphone business and help it further expand its market share.

In April 2021, LG Electronics announced its withdrawal from the mobile phone market, and has since focused on effectively utilizing its rich patent resources. The transaction with OPPO is undoubtedly an important step forward in patent monetization. At the same time, LG Electronics also plans to invest more resources in growth areas such as electric vehicle components, smart homes, and artificial intelligence to achieve the company's strategic transformation and development. Behind this decision is undoubtedly the accurate judgment and timely adjustment of the market situation and future development trends.

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