Samsung Electronics shares over 100 patents with small businesses

South Korea's Ministry of Trade, Industry and Energy said Samsung Electronics has shared more than 100 patents with smaller companies as part of efforts to promote joint growth.

Samsung Electronics headquarters in Seoul, South Korea. (Photo: Yonhap/VNA)

South Korea's Ministry of Trade, Industry and Energy said on November 12 that Samsung Electronics has shared more than 100 patents with smaller companies as part of efforts to promote joint growth.

According to the ministry, the South Korean tech giant has transferred 128 patents to 85 companies in 2024 to support them in developing innovative products and solutions without paying royalties.

The ministry said South Korea will continue to support small and medium-sized enterprises in developing new products and business models to promote innovative growth through a technology sharing program.

Samsung Electronics first launched the program in 2015 and has so far shared a total of 1,210 patents with 673 companies.

The latest technologies shared by Samsung Electronics include a route recommendation system using user biometric data, a screen control method based on eye movement tracking, and a solution for wireless data sharing between TVs and smartphones by scanning radio frequency identification cards./.

(Vietnam News Agency/Vietnam+)

Source: https://www.vietnamplus.vn/samsung-electronics-shares-more-than-100-innovations-with-small-businesses-post992729.vnp