Petteri Pyyny
13 May 2002 12:48
Other Chinese DVD player manufacturers are about to follow the path laid out by Apex earlier this year, when it agreed to pay technology licensing royalties to companies who own key patents to DVD technology (such companies include Sony and Philips).
One of the main reasons for this surprising development is China's entry to WTO. China must comply with WTO's rules over globally recognized patents, etc and this legislation seems to make Beijing government to actually force certain companies to pay the royalties to foreign companies.
To read more about the issue, visit Yahoo! Finance.