Huawei and Qualcomm signed a multi-year license contract for AI and 5G
The Chinese corporation Huawei has signed a multi-year license agreement with Qualcomm. It provides that the companies will open each other to their portfolios of patents for technologies such as 5G, artificial intelligence, computing and networking technologies.
The Chinese corporation Huawei has signed a multi-year license agreement with Qualcomm. It provides that the companies will open each other to their portfolios of patents for technologies such as 5G, artificial intelligence, computing and networking technologies. Qualcomm will also buy some of Huawei’s U.S. patents.
The amount of the transaction was not disclosed. However, according to Reuters, Huawei reported that the total amount of licensing transactions for its patents has now reached $ 6.9 billion. The Chinese company’s patent license revenue has been growing in recent years as a result of its massive investment in research and development. According to Reuters, this is due to the US restrictions on the purchase of American technology for Huawei.
In August, HP also signed a multi-year licensing agreement with Huawei.
Jana Christmas
