Qualcomm denies net payer status in Huawei deal
Qualcomm refutes claims it is the net payer in its patent cross-licensing agreement with Huawei and denies links to logic-folding chip tech.
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Qualcomm denies being the net payer in its patent agreement with Huawei.
On Oct 5, Huawei announced a multi-year cross-licensing deal and sale of certain US patents to Qualcomm. Undisclosed terms sparked market rumors that Qualcomm would pay Huawei unidirectionally or that the deal involved "logic-folding" chip technology.
On Oct 6, Qualcomm told National Business Daily these reports were inaccurate. It confirmed agreeing to buy some of Huawei's non-cellular communication US patents but stated the deal has no connection to logic-folding tech.
The two companies have long-standing 4G/5G licensing ties. This agreement consists of cross-licensing and asset transactions, with specific financial terms remaining confidential.