New Delhi, Oct. 5 -- Huawei and Qualcomm have reached a multi-year patent licensing agreement covering 5G, artificial intelligence, computing and networking, in a deal that brings two major technology patent holders together on a broader set of technologies despite years of US restrictions on Huawei.

The agreement includes cross-licensing of the companies' patent portfolios and Qualcomm's purchase of certain Huawei US patents covering computing, AI and networking, Huawei said on Monday. The transaction remains subject to the necessary regulatory approvals.

For Huawei, the agreement is particularly significant because it is the company's first patent licensing deal with Qualcomm to include 5G technologies.

Huawei said the agreement is e...