logo
Plus   Neg
Share
Email

Qualcomm Technologies, Samsung Electronics Announce Strategic Agreement

Qualcomm Incorporated (QCOM) announced that its subsidiary, Qualcomm Technologies, and Samsung Electronics have announced a multi-year strategic relationship agreement in various technology areas and across a range of mobile devices. The deal expands the companies' longstanding relationship as technology and business partners in the current year and beyond, through the transition to 5G.

Cristiano Amon, president, Qualcomm, stated: "As Qualcomm continues to lead the world to 5G, the opportunities between our companies are growing and this agreement sets us both on a path for continued success."

Separately, Qualcomm announced the company has expanded its global patent cross-license agreement with Samsung covering mobile devices and infrastructure equipment. The amended agreement is consistent with Qualcomm's global handset-level licensing practices. As part of the agreement, Samsung will be withdrawing its interventions in Qualcomm's appeal of the KFTC decision in the Seoul High Court.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT