Huawei agrees to a multi-year patent licensing deal with Qualcomm
China's Huawei Technologies said on Monday it had agreed a broad multi-year patent licence deal with Qualcomm covering artificial intelligence, 5G, computing and networking technologies.
Huawei Technologies has reached a comprehensive patent licensing agreement with Qualcomm, covering AI, 5G, computing, and networking technologies. The deal, announced on Monday, includes Qualcomm's acquisition of specific Huawei US patents in these areas, marking the first such agreement for 5G technology. According to Huawei, the licensing arrangement is projected to elevate the total value of its patent licensing contracts to over US$6.9 billion upon completion.
The company's intellectual property licensing sector has been generating revenue since 2021, a testament to its substantial investment in research and development over the years. Huawei has been ramping up its R&D spending due to US trade restrictions since 2019, which have hampered its capacity to acquire advanced chips and essential software.
The first licensing payment to Qualcomm was made in 2001, while the company received its first licensing income from Motorola in 2011. This agreement follows another licensing deal announced by Huawei with HP in August.
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