LG Electronics Reinforces Stance on Patent Protection
LG Electronics has reiterated its commitment to protecting its intellectual property, particularly its extensive patent portfolio in wireless technologies, following significant R&D investments.
LG Electronics has emphasized its dedication to safeguarding its patents and intellectual property on a global scale.
The company highlights that patents, representing years of research and development and substantial financial investment, are of critical importance. LG has adopted an assertive strategy to ensure that the inventions and discoveries of its employees are protected from unauthorized use.
LG possesses a robust patent portfolio, particularly in 4G/LTE and 5G wireless technologies, with over 6,000 patent families worldwide. Despite its announced exit from the mobile phone business, LG anticipates these wireless patents will continue to provide revenue and contribute to future innovation.
The company states that protecting intellectual property is also a responsibility to its employees, who expect the company to actively defend their innovations against appropriation.