Huawei and Qualcomm sign multi-year patent deal covering 5G and AI
Huawei and Qualcomm announced a broad multi-year patent license agreement on Monday in Beijing.
Cross-licensing covers multiple fields
The agreement includes cross-licenses between both firms' patent portfolios across 5G, computing, artificial intelligence, and networking. Qualcomm will also purchase specific Huawei US patents in areas such as compute and AI. The transaction remains subject to necessary regulatory approvals before it closes.
Deal value undisclosed publicly
Neither company disclosed the financial value of this new agreement. This deal follows a separate settlement from 2020 where Huawei paid Qualcomm US$1.8 billion in back licensing fees. The current arrangement focuses solely on intellectual property and does not involve other business cooperation.
2 outlets, different leads
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South China Morning Post
Huawei, Qualcomm strike multi-year patent agreement across 5G, AI
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Associated Press of Pakistan
Huawei, the US company announce broad patent license agreement
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2 independent outlets. Headlines as published. Links open the original report.