Qualcomm Signs 3G/4G China Patent License Agreement with Gionee
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SAN DIEGO, Dec. 26, 2016 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a new 3G and 4G Chinese Patent License Agreement with Gionee Communication Equipment Co. Ltd. Under the terms of the agreement, Qualcomm has granted Gionee a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) complete devices for use in China. The royalties payable by Gionee are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission (NDRC).
"Gionee defines itself as a global provider of mobile and internet technology that strives to help consumers make their lives better," said Liu Lirong, group president of Gionee. "Having access to the latest technologies from Qualcomm, through this license agreement, will allow us to continue to design innovative and powerful devices for consumers across all demographics."
"Qualcomm's standardized technologies are enabling companies to build new products and services across the wireless ecosystem and are transforming people's lives," said Alex Rogers, executive vice president and president, Qualcomm Technology Licensing. "We are pleased to see these technologies helping to enhance Gionee's portfolio of products and generate strong growth for the company both in China and globally."
About Gionee Established in 2002, Gionee Communication Equipment Co., Ltd. is a hi-tech company engaging in mobile device design, R&D, manufacturing, sales in global markets, and mobile internet application services. Today, Gionee sells over millions of handsets per year worldwide and ranks highly in the world by smartphone market share. Gionee is moving fast in building solid brand channels in global markets especially in Africa, South Asia and Southeast Asia. For more information, visit Gionee's website, and weibo pages.
About Qualcomm Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now, we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries including automotive, computing, IoT and healthcare, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including our semiconductor business, QCT, and our mobile, automotive, computing, IoT and healthcare businesses.
Qualcomm Contacts: Pete Lancia, Corporate Communications Phone: 1-858-845-5959 Email: firstname.lastname@example.org
John Sinnott, Investor Relations Phone: 1-858-658-5431 Email: email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qualcomm-signs-3g4g-china-patent-license-agreement-with-gionee-300383578.html
SOURCE Qualcomm Incorporated
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