Huawei and Qualcomm Sign Multi-Year Patent Licensing Agreement Covering 5G and AI

Huawei and Qualcomm announced on Monday a multi-year patent licensing agreement spanning 5G, artificial intelligence, compute, and networking technologies. As part of the deal, Qualcomm will purchase certain Huawei U.S. patents in those same technology fields. The agreement was announced jointly by the two companies. The deal covers a broad range of technologies central to both firms' operations. Qualcomm's acquisition of Huawei's U.S. patents relates specifically to 5G, AI, compute, and networking. Neither company disclosed financial terms of the licensing arrangement or the patent purchase. The announcement was made on Monday.