Qualcomm and Haier Sign 3G/4G Chinese Patent License Agreement
Dec 29, 2015, 07:30 ET
SAN DIEGO, Dec. 29, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a new 3G and 4G Chinese Patent License Agreement with Haier, a leading Chinese home appliances and consumer electronics brand. Under the terms of the agreement, Qualcomm has granted Haier 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) subscriber units for use in China. The royalties payable by Haier are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission.
"Haier is focused on creating innovative technologies, products and services that will help shape the future, as well as enhance the lives of our customers," said Cao Teng, general manager of Qingdao Haier Telecom Co., Ltd. "Haier values and respects Qualcomm's intellectual property, which was created as a result of its extensive research and development efforts. The licensing agreement with Qualcomm supports our vision by helping us to deliver products embedded with leading 3G and 4G connectivity to provide the same convenient and personalized connected experience that consumers have come to expect from a smartphone."
"China's mobile ecosystem is flourishing, benefiting Chinese companies, employees and consumers alike," said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing for Qualcomm Incorporated. "Qualcomm is pleased to have helped Chinese companies for more than a decade to establish themselves among the top manufacturers in the mobile industry. Our agreement with Haier is an example of our ongoing commitment to support the growth of Chinese companies and the development of wireless networks, devices and applications."
Founded in 1984, the Haier Group has been dedicated to innovation and creating a world famous brand over the past 26 years. Originally a small collective plant on the verge of bankruptcy, it has now grown into an international group which has more than 70,000 employees around the globe and realizes a turnover of 135.7 billion yuan in 2010. Haier has risen to be the world's No.1 brand of consumer appliances. In addition, it was selected as one of the world's Top 10 innovative companies issued by USA Newsweek's website.
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
Tina Asmar, Corporate Communications
Email: [email protected]
Warren Kneeshaw, Investor Relations
Email: [email protected]
SOURCE Qualcomm Incorporated
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