Qualcomm (QCOM), Hisense Sign New 3G/4G Chinese Patent License Agreement

April 20, 2016 4:27 PM EDT

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Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has signed a new 3G and 4G Chinese Patent License Agreement with Hisense Group Co., Ltd. (Hisense). Under the terms of the agreement, Qualcomm has granted Hisense a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO) and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) terminals for use in China. The royalties payable by Hisense are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission.

"Hisense is proud to bring innovative and exciting devices to its customers," said Hongxin Liu, CEO of Hisense. "Having access to the latest technologies from Qualcomm allows us to design powerful communication, entertainment and productivity devices for consumers across all demographics in China."

"As Qualcomm invents and shares its technologies, it's through license agreements like this one that these technologies come to life in consumer products," said Derek Aberle, president of Qualcomm Incorporated. "Hisense will continue to offer rich mobile experiences at accessible prices to consumers across China."



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