China’s Huawei Technologies (HWT.UL) said on Monday it had agreed a broad multi-year patent licence deal with Qualcomm (QCOM.O), opens new tab covering artificial intelligence, 5G, computing and networking technologies.
Here are some details:
- The agreement includes Qualcomm’s purchase of certain Huawei US patents related to computing, AI and networking, Huawei said in a statement.
- It is Huawei’s first patent licensing deal with Qualcomm that covers 5G technologies.
- Huawei said the deal is expected to push the total value of its patent licensing agreements to more than $6.9 billion once completed.
- The company said its intellectual property licensing business has generated positive revenue since 2021, reflecting years of heavy investment in research and development.
- Huawei ramped up R&D spending in recent years, as US trade restrictions since 2019 have limited its ability to buy advanced chips and crucial software.
- Huawei made its first licensing payment to Qualcomm in 2001, while it received its first licensing income in 2011 from Motorola.
- The Qualcomm agreement follows a licensing deal with HP Inc (HPQ.N), opens new tab announced by Huawei in August.
Source: www.reuters.com
