Nvidia and Intellectual Ventures (IV) said Monday they jointly bought
Nvidia and Intellectual Ventures (IV) said Monday they jointly bought a set of patents developed and owned by IPWireless. The companies didn’t say how much they paid. The patent portfolio that Nvidia and IV bought was made up of about…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
500 patents granted and pending in the wireless communications area, including “essential concepts” in LTE, LTE-Advanced and 3G/4G technologies, they said. The purchase closed on April 30, and ownership of the patents was split between Nvidia and IV, with Nvidia licensing the rights to those patents that it didn’t buy, the companies said. IPWireless retained “perpetual, royalty-free access” to the patents, Nvidia and IV said. The purchase “complements” Nvidia’s ownership of “extensive fundamental patents” in graphics, visual and mobile computing, said David Shannon, executive vice president and general counsel at that company. It will “help support our rapidly expanding efforts in the mobile business,” he said. IPWireless will continue to invest and innovate in 4G LTE and other areas of wireless IP, said its CEO, Bill Jones.