Here are some details:
The agreement includes Qualcomm’s purchase of certain Huawei US patents related to computing, AI and networking, Huawei said in a statement.
It is Huawei’s first patent licensing deal with Qualcomm that covers 5G technologies.
Huawei said the deal is expected to push the total value of its patent licensing agreements to more than $6.9 billion once completed.
The company said its intellectual property licensing business has generated positive revenue since 2021, reflecting years of heavy investment in research and development.
Huawei ramped up R&D spending in recent years, as US trade restrictions since 2019 have limited its ability to buy advanced chips and crucial software.
Huawei made its first licensing payment to Qualcomm in 2001, while it received its first licensing income in 2011 from Motorola.
The Qualcomm agreement follows a licensing deal with HP Inc announced by Huawei in August.
