Qualcomm (QCOM) Enters License Agreement with Yulong

 

Qualcomm Incorporated (NASDAQ: QCOM) announced that it has signed a new 3G and 4G Chinese patent license agreement with Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd. (Yulong), an indirect wholly owned subsidiary of Coolpad Group Limited. Under the terms of the agreement, Qualcomm has granted Yulong 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) terminals for use in China. The royalties payable by Yulong are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Development and Reform Commission.

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