“If you think the last patent war over smartphones was bad, just wait until 5G starts being deployed throughout the global economy,” warns Joseph Siino, president of patent pool operator Via Licensing. “It could be even more costly and wasteful than the last one."
But it doesn’t have to go that way, he adds. "We can stop the coming 5G patent war before it even begins and save businesses and consumers a great deal of money, litigation expense and heartache.”
Siino knows what he’s talking about, having worked with and advised companies on both sides of the smartphone patent war a few years ago — both patent owners and product makers. In fact, I profiled him two years ago after he struck a breakthrough deal with Chinese smartphone maker Xiaomi that showed how the U.S. and China could solve their trade and intellectual property (IP) disputes without recourse to trade wars. He was also the top dealmaker who crafted Yahoo’s $1 billion technology and IP license deal with Chinese e-commerce giant Alibaba back in 2005.
But all that, says Siino, is small potatoes compared to the exponentially higher stakes in the new 5G wireless revolution.
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