China, Oct. 5 -- Huawei and Qualcomm announced a multi-year, broad patent license agreement that includes cross licenses to the companies' patent portfolios across a range of technology fields, including 5G, compute, AI, and networking, together with Qualcomm's purchase of certain Huawei U.S. patents in the areas of compute, AI, networking, and other technologies. This transaction will close following receipt of the necessary regulatory approvals. The agreement reflects the companies' shared commitment to intellectual property rights and to licensing practices consistent with fair, reasonable and non-discriminatory (FRAND) principles.
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