Huawei and Qualcomm Finalize Multi-Year Patent Agreement Covering Key Technologies
According to the South China Morning Post, Huawei announced a multi-year patent agreement with Qualcomm that involves cross-licensing and the purchase of specific Huawei US patents across areas like compute, AI, and networking, pending regulatory approval.
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Based on reporting by South China Morning Post:
The Shenzhen-based company, Huawei, stated in a Monday announcement that the agreement entails cross-licensing between the patent portfolios of both companies. Furthermore, the arrangement includes Qualcomm acquiring certain Huawei US patents related to compute, artificial intelligence (AI), networking, and other technologies.
Huawei also specified that the transaction is limited to this patent exchange and does not encompass any other forms of business collaboration, and it remains contingent upon receiving necessary regulatory approvals. The financial value of this deal was not disclosed.
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