Qualcomm and Samsung Amend Long-term Cross-License Agreement
SAN DIEGO, Jan. 31, 2018 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has expanded its global patent cross-license agreement with Samsung covering mobile devices and infrastructure equipment. The amended agreement is consistent with Qualcomm's global handset-level licensing practices. As part of the agreement, Samsung will be withdrawing its interventions in Qualcomm's appeal of the KFTC decision in the Seoul High Court.
"Qualcomm has enjoyed a strong partnership with Samsung for many years, and we are pleased to further strengthen and extend our relationship through this amended cross-license agreement, alongside our continuing relationship as a key product supplier to Samsung," said Steve Mollenkopf, Chief Executive Officer, Qualcomm Incorporated.
"We believe this amended agreement provides the foundation for a long-term, stable relationship with Samsung following the KFTC investigation," said Alex Rogers, executive vice president and president, Qualcomm Technology Licensing. "With our portfolio of leading technology inventions, we are committed to driving growth for the global ecosystem and we look forward to an expanded business relationship with Samsung."
About Qualcomm
Qualcomm invents breakthrough technologies that transform how the world connects and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. 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, the QCT semiconductor business. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
Qualcomm Contacts:
Pete Lancia, Corporate Communications
Phone: 1-858-845-5959
email: [email protected]
John Sinnott, Investor Relations
Phone: 1-858-658-4813
e-mail: [email protected]
SOURCE Qualcomm Incorporated
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