Huawei and Qualcomm sign multi-year patent licensing deal
Huawei Technologies has struck a broad, multi-year patent licensing agreement with Qualcomm, the two companies said on Monday. A patent license lets one company legally use another's patented technology in exchange for payment. This deal covers several key tech areas: artificial intelligence (AI), 5G (the fifth generation of mobile network technology), computing and networking. Such agreements matter because they reduce the risk of costly legal disputes between major tech firms and let each company keep building products using shared technology. For Huawei and Qualcomm, both major players in chips and telecom gear, this arrangement could mean smoother cooperation across AI-related hardware and networking equipment in the years ahead, according to The Economic Times (ETtech).
Words to know
- Patent licensing deal
- — An agreement letting one company use another's patented inventions legally, usually for a fee.
- 5G
- — The fifth generation of mobile network technology, enabling faster wireless data speeds.
- Artificial intelligence (AI)
- — Technology that enables machines to perform tasks usually needing human intelligence.
- Networking technologies
- — Systems and equipment that connect devices so they can communicate and share data.
Summary written from The Economic Times (ETtech)'s headline and teaser