Huawei and Qualcomm reached an agreement, including cross-licensing of patent portfolios in multiple fields such as 5G and AI

Huawei announced that Huawei and Qualcomm have reached a multi-year, broad patent licensing agreement, which includes cross-licensing of patent portfolios in multiple fields such as 5G, computing, artificial intelligence, and networking, as well as Qualcomm's acquisition of some of Huawei's U.S. patents.

The transaction will be completed upon obtaining the necessary regulatory approvals. The agreement reflects the two companies' shared commitment to intellectual property protection and adherence to licensing practices that are fair, reasonable, and non-discriminatory.