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Xiaomi and MPEG LA Announce Xiaomi's Signing of MPEG LA's HEVC LicenseDENVER & BEIJING – 9 January 2020 – World intellectual property licensing leader MPEG LA, LLC (“MPEG LA”) and leading international supplier of smartphones and other smart products Xiaomi today announced that Xiaomi has become a Licensee to MPEG LA’s HEVC Patent Portfolio License (“HEVC License”). MPEG LA’s HEVC License enables worldwide access to essential patent rights for the HEVC digital video coding standard (also known as H.265 and MPEG-H Part 2) providing increased speed and efficiency in consumer products that encode and decode video for Internet, television and mobile transmission, reception and use.
“Xiaomi joins some 350 Licensees to MPEG LA’s HEVC Patent Portfolio License, further demonstrating the License’s wide acceptance as fair and reasonable,” said Larry Horn, President and CEO of MPEG LA. “The License’s affordable royalty rate and clear, nondiscriminatory terms are the same across all markets worldwide in all products in which HEVC technology is incorporated, and MPEG LA’s objective is to include as many HEVC essential patents as possible for the same reasonable royalty rate.” “Significant implementers of HEVC technology like Xiaomi receive offers to join multiple HEVC patent pools. While Xiaomi believes the pool licensing approach can be very efficient, multiple patent pools present harmful royalty stacking issues to technology implementers. Therefore, Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core.
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