Asked by Nivedita Mehru on Sep 26, 2024
South Korea's Samsung Electronics entered into a ten year agreement giving them the rights to use Texas Instruments' patented semiconductor technology for royalty payments exceeding $1 billion. What type of agreement is this?
A) Licensing
B) Exporting
C) Local warehousing and selling
D) Joint venture
E) Foreign direct investment
Patented Semiconductor Technology
A unique and legally protected technology related to semiconductor devices, which has been officially registered with a patent office.
Royalty Payments
Financial payments made for the use of someone else's property, typically intellectual property like patents, copyrighted material, or trademarks.
- Acknowledge the application of strategic management techniques in worldwide scenarios.
- Comprehend the principle and uses of exporting within the context of global commerce.
Learning Objectives
- Acknowledge the application of strategic management techniques in worldwide scenarios.
- Comprehend the principle and uses of exporting within the context of global commerce.
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