Announcement
Huawei and Qualcomm announce multi-year patent deal covering 5G and AI
Qualcomm says the deal includes its purchase of certain Huawei U.S. patents, with closing subject to regulatory approval.
TLDR
Huawei and Qualcomm announced a multi-year agreement to cross-license patents covering 5G, computing, AI and networking. Qualcomm says the transaction also includes its purchase of certain Huawei U.S. patents and will close after regulatory approvals. Reuters reports that Huawei calls this its first patent licensing deal with Qualcomm covering 5G and expects the total value of its patent licensing agreements to exceed $6.9 billion once the transaction is completed.
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