Huawei and Qualcomm Seal First 5G Patent Deal, Qualcomm to Buy US Patents
The multi-year cross-licensing deal covers 5G, compute, AI and networking technologies and still needs regulatory approval.
Huawei and Qualcomm have signed a broad, multi-year patent cross-licensing agreement covering 5G, compute, AI and networking technologies, the two companies announced in a shared press release. It is the first 5G licensing agreement between the two firms.
Under the deal, Qualcomm will buy several US patents from Huawei covering compute, AI, networking and other technologies. The agreement is subject to regulatory approval, and the press release did not state a monetary value.
According to Reuters, once the deal closes, the total value of Huawei's patent licensing agreements will exceed $6.9 billion.
Background
Huawei has been subject to US trade restrictions since 2019. The company has had to build chipsets and develop other technologies for its smartphones that it previously bought from companies such as Qualcomm, increasing its R&D spending.
Quick answers
What does the Huawei-Qualcomm agreement cover?
The multi-year patent cross-licensing deal covers 5G, compute, AI and networking technologies, and Qualcomm will also buy several US patents from Huawei covering compute, AI, networking and other technologies.
Does the Huawei-Qualcomm deal need approval?
Yes. The agreement is subject to regulatory approval, and the companies did not disclose a monetary value.
What is the value of Huawei's patent licensing agreements?
According to Reuters, the total value of Huawei's patent licensing agreements will exceed $6.9 billion after the deal closes.