SAN DIEGO, Aug. 7, 2016 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) today announced that it has entered
into a new 3G and 4G Chinese Patent License Agreement with vivo
Communication Technology Co., Ltd. Under the terms of the
agreement, Qualcomm has granted vivo a royalty-bearing patent
license to develop, manufacture and sell 3G WCDMA and CDMA2000 and
4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) complete
devices for use in China. The
royalties payable by vivo are consistent with the terms of the
rectification plan submitted by Qualcomm to China's National Development and Reform
Commission (NDRC).
"This license agreement will allow us to have access to the
latest technologies from Qualcomm and will enable us to continue to
create innovative and high-quality devices for our customers," said
Shi Yujian, vice president of vivo. "vivo has closely collaborated
with Qualcomm in China and
globally throughout the years. We have worked together on some of
the popular vivo devices such as X7, X7Plus and Xplay5. vivo
competes with innovation at its core, and holds high regard and
respect for intellectual property rights."
"Qualcomm is committed to the continued success of China's wireless industry. We are pleased to
sign a new licensing agreement with vivo that builds on our long
standing relationship," said Alex
Rogers, senior vice president and general manager, Qualcomm
Technology Licensing. "It is exciting to see our technology
enabling many large Chinese mobile device manufacturers such as
vivo to become successful global players."
About vivo
vivo Communications Ltd is focused on research, development,
manufacturing and sales of smartphones. vivo collaborates with
people that are fun-loving, vibrant and fashionable to create smart
devices with extraordinary design and compelling experiences. vivo
is daring to pursue true perfection, while continuously creating
the surprising.
About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G
and next-generation wireless technologies. Qualcomm Incorporated
includes Qualcomm's licensing business, QTL, and the vast majority
of its patent portfolio. Qualcomm Technologies, Inc., a subsidiary
of Qualcomm Incorporated, operates, along with its subsidiaries,
substantially all of Qualcomm's engineering, research and
development functions, and substantially all of its products and
services businesses, including its semiconductor business, QCT. For
more than 30 years, Qualcomm ideas and inventions have driven the
evolution of digital communications, linking people everywhere more
closely to information, entertainment and each other. For more
information, visit Qualcomm's website, OnQ blog, Twitter and
Facebook pages.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Warren Kneeshaw, Investor
Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/qualcomm-signs-3g4g-china-patent-license-agreement-with-vivo-300310211.html
SOURCE Qualcomm Incorporated