SAN DIEGO, Aug. 7, 2016 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a new 3G and 4G Chinese Patent License Agreement with vivo Communication Technology Co., Ltd. Under the terms of the agreement, Qualcomm has granted vivo a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) complete devices for use in China. The royalties payable by vivo are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission (NDRC).
"This license agreement will allow us to have access to the latest technologies from Qualcomm and will enable us to continue to create innovative and high-quality devices for our customers," said Shi Yujian, vice president of vivo. "vivo has closely collaborated with Qualcomm in China and globally throughout the years. We have worked together on some of the popular vivo devices such as X7, X7Plus and Xplay5. vivo competes with innovation at its core, and holds high regard and respect for intellectual property rights."
"Qualcomm is committed to the continued success of China's wireless industry. We are pleased to sign a new licensing agreement with vivo that builds on our long standing relationship," said Alex Rogers, senior vice president and general manager, Qualcomm Technology Licensing. "It is exciting to see our technology enabling many large Chinese mobile device manufacturers such as vivo to become successful global players."
vivo Communications Ltd is focused on research, development, manufacturing and sales of smartphones. vivo collaborates with people that are fun-loving, vibrant and fashionable to create smart devices with extraordinary design and compelling experiences. vivo is daring to pursue true perfection, while continuously creating the surprising.
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 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.
Pete Lancia, Corporate Communications
Warren Kneeshaw, Investor Relations
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SOURCE Qualcomm Incorporated