U.S. mobile phone chip giant Qualcomm said it resolved a licensing dispute with Huawei Technologies and inked a long-term deal with the smartphone maker despite heightened tensions between the U.S. and China
U.S. mobile-phone chip maker Qualcomm Inc. said it resolved a protracted licensing dispute with China’s Huawei Technologies Co. and signed a long-term deal with the smartphone maker despite heightened tensions between the U.S. and China.
Qualcomm on Wednesday said it would receive a $1.8 billion lump-sum payment from the Chinese tech giant to cover previously unpaid licensing fees. The settlement was paired with a multiyear agreement to license Qualcomm’s patented technologies for Huawei use.
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