According to mainland media reports, the High Court in London has ruled on the UK portion of a global patent licensing dispute between two companies, stating that Samsung Electronics must make a one-off payment of USD392 million to obtain a license to use ZTE (00763.HK) 0.000 (0.000%) Short selling $14.80M; Ratio 3.578% 's handset patents. The ruling has not yet taken effect and both parties may appeal.In December 2024, Samsung filed a lawsuit against ZTE in London, seeking a determination of fair, reasonable and non-discriminatory (FRAND) terms for the patent license. The awarded amount is significantly lower than ZTE's proposed FRAND offer of USD731 million, but higher than Samsung's proposed cap of USD200 million.Related News G Sachs: AI Investment Boom Spillover to Asia; Taiwan, S Korea Biggest Regional WinnersSamsung hopes the UK court will serve as a global rate-setting hub, while ZTE argues that the Chongqing court should make the determination. The dispute has expanded to multiple jurisdictions including the UK, Germany, China, Brazil, the US and the Unified Patent Court (UPC) in Europe, triggering a global legal battle. (ta/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)
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