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Qualcomm And VinSmart Sign Multimode Global Patent License Agreement

Qualcomm Inc.(QCOM) and VinSmart, a wholly owned subsidiary of Vingroup, said that they have entered into a Patent Licensing Agreement which covers multimode complete terminals.

As per the terms of the Agreement, Qualcomm has granted VinSmart a royalty-bearing patent license to develop, manufacture and sell branded multimode complete terminals such as 4G/5G smartphones. The royalties payable by VinSmart are consistent with the terms of Qualcomm's branded multimode licensing framework disclosed this past year.

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