Qualcomm inks new patent licensing deals in China
Qualcomm has today announced that it has signed a new patent licensing deal in China with smartphone manufacturers Beijing Tianyu Communication Equipment and Haier Group. This information comes after a year of tiresome court battles, which transpired as a result of the company being investigated by Chinese officials following an antitrust dispute in the region.
As part of the agreement, Qualcomm agreed to pay a $975 million settlement fee to the government for violating patent terms even though it firmly disagrees with the outcome of the investigation. The fine seems pretty steep until it’s compared to the $7.57 billion the firm raked in royalties from China alone last year.
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