Qualcomm Signs 3G/4G Chinese Patent License Agreements With Tianyu, Haier

Qualcomm today announced it is granting patent licenses to Tianyu and Haier to manufacture and sell 3G WCDMA and CDMA2000 as well as 4G LTE devices for use in China

SAN DIEGO, Dec. 29, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced it has entered into new 3G and 4G Chinese patent license agreements with Beijing Tianyu Communication Equipment Co., Ltd. (Tianyu), and Chinese home appliances and consumer electronics brand Haier. Under the terms of the agreements, Qualcomm has granted Haier and Tianyu royalty-bearing patent licenses to 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 Tianyu and Haier are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Reform and Development Commission.

"Qualcomm is pleased to support the growth of Chinese companies such as Tianyu as part of our long-term collaboration with China's mobile industry," said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing for Qualcomm Incorporated. "This new agreement enables Tianyu to develop, manufacture and sell 3G and 4G devices, greatly enhancing their competitive position in the wireless landscape."

"Tianyu recognizes Qualcomm as a global technology leader and innovator, and respects the value of the license we have obtained to Qualcomm's Chinese wireless IPRs," said Madam Rong Xiuli, CEO of Tianyu. "We are pleased to sign this license agreement because it provides us with the opportunity to improve and expand our product offerings in China and certain overseas markets, empowering our users with greater access to advanced wireless services and information."

"Haier is focused on creating innovative technologies, products and services that will help shape the future, as well as enhance the lives of our customers," said Cao Teng, general manager of Qingdao Haier Telecom Co., Ltd. "Haier values and respects Qualcomm's intellectual property, which was created as a result of its extensive research and development efforts. The licensing agreement with Qualcomm supports our vision by helping us to deliver products embedded with leading 3G and 4G connectivity to provide the same convenient and personalized connected experience that consumers have come to expect from a smartphone."

"China's mobile ecosystem is flourishing, benefiting Chinese companies, employees and consumers alike," saidEric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing for Qualcomm Incorporated. "Qualcomm is pleased to have helped Chinese companies for more than a decade to establish themselves among the top manufacturers in the mobile industry. Our agreement with Haier is an example of our ongoing commitment to support the growth of Chinese companies and the development of wireless networks, devices and applications." 

Source: PR Newswire