Qualcomm Signs 3G/4G Chinese Patent License Agreement with EWPE

 

SAN DIEGO, April 6, 2016 — Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has entered into a new 3G and 4G Chinese Patent License Agreement with Zhuhai Ewpe Information Technology Inc. (EWPE), a subsidiary of Gree Electric Appliances, Inc. Under the terms of the agreement, Qualcomm has granted EWPE 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 EWPE are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Development and Reform Commission.

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