Windows maker Microsoft Corp. announced on Wednesday that it has reached an agreement with the South Korea based tech outfit Samsung, under which both the companies will cross license their patent portfolios.
The new move taken by the duo, according to Microsoft will enable both the companies to a broader coverage for their products.
Under the new agreement, the Windows maker will pocket royalties from the Galaxy maker for its products powered by Google’s Android operating system platform.
The Redmond based software powerhouse also announced that both the companies have joined forces in order to collaborate in the development and marketing of Windows Phone devices.
“Microsoft and Samsung see the opportunity for dramatic growth in Windows Phone and we’re investing to make that a reality. Microsoft believes in a model where all our partners can grow and profit based on our platform.” Andy Lees, president, Windows Phone Division, Microsoft, said in a statement.
Dr. Won-Pyo Hong, executive vice president of global product strategy at Samsung’s mobile communication division, expressed his opinion on the new agreement by saying: “Through the cross-licensing of our respective patent portfolios, Samsung and Microsoft can continue to bring the latest innovations to the mobile industry”.