Rumor: Xiaomi to Invest in Fingerprint Recognition Patent Holder

Souhu IT, 10/11/13

Beijing-based Android handset developer Xiaomi is currently in partnership talks with Hong Kong-based electronic components distributor AV Concept Holdings. According to an industry insider, Xiaomi plans to make a strategic investment in the company. Specific investment figures have not been revealed.

AV Concept is a major shareholder in Korean fingerprint recognition solutions provider Nitgen, which holds approximately 100 fingerprint recognition-related patents. Xiaomi's investment is possibly aimed at gaining access to Nitgen's patented technology in order to build its own mobile handset equipped with fingerprint recognition features.

Keywords: AV Concept Holdings investment wireless Xiaomi component patent

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