Huawei, China’s tech giant, announced Monday that it reached a “multi-year, broad patent license agreement” with Qualcomm covering artificial intelligence, 5G, computing, and networking technologies.
Huawei said the deal is expected to push the total value of its patent licensing agreements to more than $6.9 billion once it is completed, with the agreement covering Qualcomm’s acquisition of specific US patents related to computing, AI, and networking.
John Han, Executive Vice President and General Manager of Qualcomm Technology Licensing, told investors, “Qualcomm has invested in foundational wireless technologies that have enabled successive generations of mobile innovation and earned broad recognition across the global wireless industry. This agreement reaffirms industry recognition of Qualcomm’s 5G technology leadership and the success of Qualcomm’s 5G SEP licensing program. This agreement likewise reflects Qualcomm’s recognition of Huawei’s continued innovation and intellectual property in 5G and other technology fields.”
Alan Fan, Huawei’s Chief Intellectual Property Officer, stated, “Huawei’s decades of sustained investment in fundamental R&D have driven innovation and progress in mobile communications and other technology fields. Huawei’s broad contributions to the 4G/5G standards, such as the near-physical-limit signal transmission technology using polar codes, have established Huawei’s leadership in the mobile communications industry, and continuously transformed the way people communicate and live. This agreement not only demonstrates the value of Huawei’s innovations, but also recognizes Qualcomm’s foundational contributions to modern communication technologies.”
The deal is Huawei’s first patent licensing deal with Qualcomm that covers 5G technologies.
Monday’s announcement comes as Huawei has ramped up R&D spending in recent years, while US trade restrictions since 2019 have limited its ability to buy advanced chips and crucial software.
Read our exclusive interview with Cristiano Amon, president and CEO of Qualcomm
By CEO NA Editorial Staff
