Huawei agrees to a multi-year patent licensing deal with Qualcomm

Oct 5 (Reuters) - China's ‌Huawei Technologies ​said ​on Monday it had agreed a broad multi-year patent licence deal ‌with Qualcomm covering artificial intelligence, 5G, computing ⁠and networking technologies.

Here are some details:

• The agreement ‌includes Qualcomm's purchase of ‌certain Huawei US patents related to computing, AI and networking, Huawei said in ​a statement.

• It is Huawei's first patent licensing deal with Qualcomm that covers ⁠5G technologies.

• Huawei said the deal is expected to push ​the total value of its patent licensing agreements to more than $6.9 billion ​once completed.

• The company said ‌its intellectual property licensing business has generated positive revenue since 2021, ⁠reflecting years of heavy investment in research and development.

• Huawei ramped up R&D spending in ⁠recent years, as US trade restrictions since 2019 ​have limited its ability to buy advanced chips and crucial software.

• Huawei made its first licensing payment ‌to Qualcomm in 2001, while it received its first licensing income ‌in 2011 from Motorola.

• The Qualcomm agreement ⁠follows a licensing ‌deal with HP ​Inc announced by Huawei in August.

(Reporting by Miyoung Kim; Editing by Rashmi ‌Aich)

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