Qualcomm, LG strike five-year licensing deal

Tuesday, 20. August 2019 14:34

Qualcomm Inc. announced on Tuesday it struck a new five-year licensing agreement with LG Electronics (LGE), under which it granted the South Korean company a patent license to make and sell 3G, 4G and 5G devices.

"This agreement builds on our long-standing technology relationship and reaffirms the value of Qualcomm’s world-class patent portfolio," John Han, senior vice president and general manager at Qualcomm Technology Licensing, said. "Qualcomm is the developer and enabler of foundational technologies for the wireless industry and is the leader in the transition to 5G. We are proud to make our breakthrough technologies available to leading OEMs like LGE and to support them in delivering compelling products around the world," he added.

Related Links: Qualcomm Inc.
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Breaking the News / NP