Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally 
BMW Keeps 2026 Outlook Despite 25% Profit Drop Amid Tariff Pressure 
UOB Q1 Profit Meets Expectations as Loan Growth Offsets Lower Interest Rates 
Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand 
Morgan Stanley Bets on Optical Component Stocks in Greater China Tech Sector 
Dollar Struggles to Rally Despite Strong US Data as Fed Hike Expectations Remain Limited 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
Sony Forecasts Lower 2027 Profit Despite Strong Music and Sensor Growth 
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert 
Shell Q1 Profit Surges to Two-Year High as Dividend Rises Despite War-Driven Debt Pressure 
Lufthansa Q1 Loss Narrows as Strong Summer Travel Demand Boosts Outlook 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
China-Made Fireworks Power U.S. Independence Day Celebrations Amid Trade Truce 
Nike Tariff Refund Lawsuit Sparks Consumer Backlash Over Price Increases 
US Trade Court Blocks Trump’s 10% Global Tariffs 
Wall Street Hits Record High as AI Chip Stocks and Strong U.S. Jobs Data Boost Markets 
LG Electronics officially pulled out its mobile phone business this year, and now it is running after companies that it believes violated its patent rights. The South Korean company is suing groups for mobile-related patents after it closed its smartphone unit.
One of the companies that LG Electronics is facing off in court for patent is the Chinese mobile phone company called Tinno Mobile. A verdict on this case was handed down already and LG was declared as the winner.
As a result, the Korean firm said last week it had signed an agreement with Tinno Mobile for a license to its long-term evolution (LTE) standard essential patents (SEP). The Chinese firm is also the parent company of Wiko, a European smartphone brand. LG Electronics and Tinno Mobile agreed that the latter would have to pay royalties for using the former’s LTE patents in all of Wiko’s phones that are being sold worldwide.
According to Maeil Kyeongje News, this was the result of LG Electronics’ years-long lawsuit against Wiko. The company filed three lawsuits against the phone brand in 2018 and the Mannheim Regional Court ruled in favor of LG. Wiko appealed the decisions but the court upheld the rulings favoring LG.
It was reported that the companies reached an agreement just three days before they are set to meet again in the German court. The hearing is about LG’s request for the court to ban Wiko from selling its products in Germany. Apparently, the settlement is a huge win for LG Electronics for it will now be compensated for the use of its LTE.
“Our agreement with Tinno Mobile is a positive outcome for all parties involved and will ultimately lead to better user experiences for consumers worldwide,” LG Elec’s vice president and intellectual property center head, Cho Hwi Jae, said in a press release.
He added, “Protecting our intellectual property is important to the many employees at LG who have invested countless hours and considerable efforts to developing the technology that improves our customers’ lives. LG is committed to licensing its standard essential patents on fair, reasonable and non-discriminatory terms for the benefit of consumers everywhere.
