PRZOOM - /newswire/ -
San Diego, CA, United States, 2015/11/05 - Qualcomm Incorporated and Huizhou TCL Mobile Communication Co., Ltd (TCL), announced that they have entered into a 3G and 4G Chinese patent license agreement - TCLCom.com / Qualcomm.com. NASDAQ: QCOM
Under the terms of the agreement, Qualcomm has granted Huizhou TCL Mobile Communication Co., Ltd a royalty bearing patent license to manufacture and sell 3G WCDMA and CDMA2000, and 4G LTE (including “3-mode” GSM, TD-SCDMA, and LTE-TDD) subscriber units. The royalties payable by TCL are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Reform and Development Commission.
“Qualcomm is dedicated to helping China’s wireless industry continue to flourish, and we are pleased to have concluded this agreement with TCL, which is one the top manufacturers in the mobile industry,” said Eric Reifschneider, senior vice president and general manager of Qualcomm Technology Licensing. “We also are pleased to expand our cooperative relationship with TCL and help TCL bring advanced 3G/4G products to consumers both in China and around the world.”
“TCL welcomes the prospects of building an improved working relationship with Qualcomm through this announcement. An amended agreement like this one strengthens the strategic partnership between TCL and Qualcomm in the coming years,” said a spokesperson of TCL.
About Huizhou TCL Mobile Communication Co., Ltd
Huizhou TCL Mobile Communication Co., Ltd. (tclcom.com) manufactures mobile handsets. The company was founded in 1997 and is based in Huizhou, China. Huizhou TCL Mobile Communication Co., Ltd. operates as a subsidiary of TCL Communication Technology Holdings Ltd.
Qualcomm Incorporated (qualcomm.com) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other.