GCT Semi, LG announce 3G/2G IP licensing deal

What does IP stand for?
(1) Internet Protocol is a basic communication language or protocol widely used in the Internet or a private network. It is a data-oriented protocol used for communicating data across a packet-switched internetwork. (2) Intellectual Property. A product of the intellect that has commercial value, including copyrighted property (literary or artistic works) and ideational property (patents, appellations of origin, business methods and industrial processes).

What is 4G?
4G is the Fourth Generation of wireless communications delivering higher speed for movies and TV. Technologies considered to be 4G inlcude Flash-OFDM, mobile WiMAX, WiBro of South Korea and 3GPP Long Term Evolution. (Source: EE Times, Wikipedia)