On wednesday Nokia and Xiaomi accounced their business collaboration, which includes multi year patent deal. Xiaomi has acquired unspecified patents from Nokia. Under the agreement, Nokia will provide network infrastructure equipment to Xiaomi. The Nokia’s equipment will help the Xiaomi to mprove the capacity and low-power performance of their smartphones
Both the companies will also be working on areas like Internet of Things, augmented and virtual reality (or AR and VR), and artificial intelligence (AI).
Currently Xiaomi is in over 30 countries, but there is no direct Sales in USA. The new agreement will help Xiaomi to extend their direct Sales in many more countries.
IoT, has been a focus for Nokia and Xiaomi. Xiaomi says that its Mi IoT platform now has more than 60 million connected devices on it, with over 8 million daily active connected devices.