Printed from http://www.electronista.com

Samsung renews cell patents with Qualcomm in the US

updated 04:00 pm EST, Mon November 9, 2009

Samsung, Qualcomm renew wireless license

Samsung last week said it has created a new 15-year contract with Qualcomm to use its 3G and 4G wireless technology. Under the terms of the agreement, Samsung will made a down payment of $1.3 billion to Qualcomm along with running royalties, though specifics on these were not disclosed. Samsung will also share its 57 patents for mobile technology with Qualcomm, though it will not be paid for this because Qualcomm's licenses are valued higher.

Samsung also said the new contract is a better deal for the company than the old one, but has not mentioned why. San Diego-based chipmaker Qualcomm is also pleased, as the agreement gives it access to Korea's lucrative cell phone market. [via TelecomsKorea]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tylt Energi 2K Travel Charger

Backup batteries and device chargers are objects that many users take for granted. They often only one-dimensional in functionality, r ...

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Sponsor

toggle

Most Commented

 
toggle

Popular News