Qualcomm signs its first 5G patent deal with Huawei, and agrees to buy some of its US patents

Serving tech enthusiasts for over 25 years.
TechSpot means tech analysis and advice you can trust.

Cutting corners: Huawei and Qualcomm have signed a multiyear patent cross-license covering 5G, compute, AI, and networking, the first agreement between the two that extends to 5G, according to Huawei. As part of the deal, Qualcomm will also buy a batch of Huawei-owned US patents in compute, AI, and networking. Neither company disclosed financial terms, and the transaction won't close until regulators sign off.

Huawei made its first licensing payment to Qualcomm in 2001, back when it was a telecom gear maker building on other people's wireless standards. Twenty-five years later, the Chinese giant is selling patents to Qualcomm, and Huawei says the deal pushes the cumulative value of its licensing agreements to roughly $7 billion.

The joint announcementis short. It confirms cross-licenses to both portfolios, the US patent purchase, and a...

Copyright of this story solely belongs to www.techspot.com. To see the full text click HERE