Qualcomm and Huizhou TCL Mobile Communication Co., Ltd Sign 3G/4G Chinese Patent License Agreement
Nov 5, 2015
Qualcomm Incorporated (NASDAQ: QCOM) and Huizhou TCL Mobile Communication Co., Ltd. (TCL), today announced that they have entered into a 3G and 4G Chinese patent license agreement. Under the terms of the agreement, Qualcomm has granted Huizhou TCL Mobile Communication Co., Ltd a royalty bearing patent license to manufacture and sell 3G WCDMA and CDMA2000, and 4G LTE (including “3-mode” GSM, TD-SCDMA, and LTE-TDD) subscriber units. The royalties payable by TCL are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Reform and Development Commission.
“Qualcomm is dedicated to helping China’s wireless industry continue to flourish, and we are pleased to have concluded this agreement with TCL, which is one the top manufacturers in the mobile industry,” said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing. “We also are pleased to expand our cooperative relationship with TCL and help TCL bring advanced 3G/4G products to consumers both in China and around the world.”
“TCL welcomes the prospects of building an improved working relationship with Qualcomm through this announcement. An amended agreement like this one strengthens the strategic partnership between TCL and Qualcomm in the coming years,” said a spokesperson of TCL.
About Huizhou TCL Mobile Communication Co., Ltd
Huizhou TCL Mobile Communication Co., Ltd. manufactures mobile handsets. The company was founded in 1997 and is based in Huizhou, China. Huizhou TCL Mobile Communication Co., Ltd. operates as a subsidiary of TCL Communication Technology Holdings Ltd.
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