Qualcomm and Huawei Reach Multi-Year Patent Licensing Agreement
Huawei of China has reached a multi-year patent licensing agreement with Qualcomm (QCOM). The deal covers technologies in 5G, computing, artificial intelligence, and networking. It includes cross-licensing rights to both companies' respective patent portfolios. Additionally, Qualcomm will acquire certain U.S.-based Huawei patents related to computing, AI, and networking. The agreement is expected to foster collaboration between the two tech giants while reducing legal uncertainties around intellectual property in key emerging technologies. This development may also signal a thawing of relations amid ongoing geopolitical tensions involving both companies.
Tickers: $QCOM
Topics: 5G AI cross-licensing patents