Original title: Qualcomm, LG Reach New Patent-Licensing Deal
Netease Technologies News, August 21, according to foreign media reports, Qualcomm announced Tuesday a new patent licensing agreement with LG, which will allow LG to sell smartphones containing Qualcomm technology for five years.
It is reported that the agreement will allow LG to develop and sell 3G, 4G and 5G single-mode and multi-mode smartphones. Although the financial terms of the transaction were not disclosed, Qualcomm said it would receive patent licensing fees from LG, which was in line with its established global licensing terms.
According to data from market research firm IDC, LG ranked ninth among smartphone companies worldwide in the first half of this year, with a market share of 2.4%.
Ryan Reith, an IDC analyst, said the deal
The agreement also means a lot to LG, as 5G is a growth opportunity for smartphone makers, as the technology makes smartphones more connected and more powerful.
Qualcomm said last year that a number of smartphone companies, including LG, had chosen Qualcomm's latest chip. LG launched its first 5G smartphone using Qualcomm in May.
Representatives of Qualcomm and LG declined to comment.
Prior to Qualcomm's agreement with LG, a federal judge ruled in May that Qualcomm illegally curbed competition in the wireless chip market. Previous investigations by the Federal Trade Commission (FTC) into Qualcomm's behavior showed that Qualcomm required companies that bought its chips for wireless devices to sign licensing agreements and refused to grant patent licences to other chipmakers seeking competing products. Qualcomm has appealed the ruling of the Federal Court. (Chen Chen)