LG Electronics has just signed a patent licensing deal with Microsoft. Microsoft has made patent licensing deals with companies that manufacture devices using Android tablets and smartphones. According to a press release from Microsoft, LG signed a patent agreement that covers LG’s use of Android and the Chrome operating system on tablets, mobile phones, and other devices.

LG updated their Facebook page to announced which of their phones will receive an Android 4.0 Ice Cream Sandwich operating system update. “LG will be offering the Ice Cream Sandwich (ICS) OS upgrade for a range of LG smart-phones which were introduced this year. The global upgrade schedule will begin in the second and third quarters of 2012, which will be followed by a global rollout.” This is the list of phones that will be receiving the update:

LG Electronics Inc. (SEO:066570) and AT&T Inc. (NYSE:T) held an event at the New Museum in New York’s SoHo district with celebrity photographer Tyler Shield to announce the LG Nitro HD, which is the first smartphone to have a true HD AH-IPS display. The Nitro HD will be available in AT&T stores or att.com starting tomorrow with a 2 year contract. It will cost $249.99. Other features of the LG Nitro HD include 4.5-inch display, 1280×720 pixel resolution, 500 nit display luminance, Qualcomm dual-core 1.5GHz Snapdragon S3 processor, and slim design (5.27″x2.67″x0.41″). It has an 8 megapixel HD camera and 20GB of total memory (4GB on-board and 16GB of included microSD memory). The phone’s WiFi and DLNA offers multiple wireless HD content streaming options as well.

Box.net has announced that they will be offering 50GB of free storage to anyone that has a Sony Ericsson or LG Android phone. When the offer officially launches, anyone that logs into or creates an account on Box.net will see 50GB of free storage. The press release about the details are below:

General Motors Company (NYSE:GM) has teamed up with LG Electronics to develop electric cars that have capabilities that are greater than the Chevy Volt. LG subsidiary LG Chem supplies the lithium ion batteries that powers the Chevy Volt and other GM electric prototype cars. LG will now provide key components that is related to the architecture and structure.

This graphic from Thomson Reuters shows just who is suing whom in our current patent wars.

Google announced this morning that it is acquiring Motorola Mobility for $12.5 billion. What does this mobile acquisition mean? According to Google, “Motorola will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.” The deal was made in cash and was unanimously approved by both companies’ boards.

T-Mobile has officially announced the price of the 8.9-inch 3D-capable G-Slate tablet from LG. The tablet is powered by a Tegra 2 processor and Android Honeycomb operating system. It can connect to T-Mobile’s 4G HSPA+ network and output 1080p video. The price is $529.99 with a 2 year contract and $100 mail in rebate. Below is the press release: