SAN DIEGO and ZHUHAI, China, Dec. 30, 2016 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) and Meizu Technology Co., Ltd. announced today that, based on equal and fair negotiation, they have reached a patent license agreement whereby Qualcomm grants Meizu a worldwide royalty-bearing patent license to develop, manufacture and sell CDMA2000, WCDMA and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) complete devices. The royalties payable by Meizu in China are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission (NDRC). This agreement resolves all of the patent disputes between Qualcomm and Meizu in China, Germany, France, and the United States. Qualcomm and Meizu have agreed to take appropriate steps to terminate or withdraw the patent infringement litigations and respective invalidity proceedings or other related litigations.
"Meizu has offered exciting and innovative products for its fans in the last thirteen years," said Mr. Bai, Yongxiang, President, Meizu. "Today, we are focusing on our vision with better clarity, and striving to become the top designer brand for high tech products. For this goal, we are determined to remove all obstacles, focus on products and focus on the future. It was a nice coincidence we are able to at this juncture push forward with the equal and fair negotiation with Qualcomm. We are confident this cooperation with Qualcomm will add tremendous value to our user, channels, shareholders and employees."
"Qualcomm is pleased to sign this license agreement with Meizu and to help enhance Meizu's product line and generate strong growth for the company, both in China and globally," said Alex Rogers, executive vice president and president, Qualcomm Technology Licensing. "Qualcomm's standardized technologies are enabling companies to build new products and services across the wireless ecosystem and are transforming people's lives."
Meizu Technology was founded in 2003. The company focused on designing and developing beautiful, easy-to-use smart devices and systems, so to become the world's top designer brand for high tech products, and to offer its user unprecedented value by combining technology and design. Meizu is crafting a future where people, technology and nature interact in harmony.
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.
Pete Lancia, Corporate Communications
John Sinnott, Investor Relations
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SOURCE Qualcomm Incorporated