The South Korean tech mammoth Samsung committed itself to the process of making the tech realm a little easier to make it count even for startup firms. As to reclaim what it was originally fabricated, a new report suggests that Samsung will assuredly offer its royalty-free patent to medium-scale firms.
The industry ministry of South Korea explained that the move could be a feat to achieve the successful development of shared growth. In total, the company will let smaller firms use its 123 patent technologies. It can be widely appreciated, but in the same direction if we just want to reverse the circle and see why this has even been occurring.
Perhaps, Samsung wouldn’t have had any idea of making the patent work. Instead, the company might have acquired the patent just to be in the air and not let any top-tier tech companies enter the border, or else it could have imagined an opportunity to correct the mistakes it had made and rectify them by donating the patents to the smaller firm would help the company to gain a bit appreciation. These 123 patent technologies are widespread across various sectors, including semiconductors, displays, and mobile devices.
This move from Samsung would let the smaller firms from different departments harness and create technology based on the patented technologies of Samsung in their respective industries. Nearly 86 smaller firms can use Samsung’s 123 royalty-free patents. This initiative from Samsung comes under the tag of the government-launched tech-sharing program in 2013.
To partake in the program, tech goliath has been obliged to share registered patents with smaller firms; over 33 conglomerates and state-run companies have shared 2,979 patents with 1,416 smaller firms. Samsung entered into this program in 2015, and since then, it has shared 1,082 patents with 588 firms.
