Qualcomm And LGE Enter Into a New Global Patent License Agreement

5-year agreement covers 3G, 4G and 5G single and multimode devices

Aug 20, 2019 -- San Diego -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that LGE has entered into a new direct worldwide patent license agreement with Qualcomm. Under the terms of the five-year, royalty-bearing agreement, Qualcomm has granted LGE a patent license to develop, manufacture and sell 3G, 4G and 5G single-mode and multimode complete devices. The agreement is consistent with Qualcomm’s established global licensing terms.

“Qualcomm is pleased to enter into a new global patent license agreement with LGE,” said John Han, senior vice president and general manager, Qualcomm Technology Licensing. “This agreement builds on our long-standing technology relationship and reaffirms the value of Qualcomm’s world-class patent portfolio. Qualcomm is the developer and enabler of foundational technologies for the wireless industry and is the leader in the transition to 5G. We are proud to make our breakthrough technologies available to leading OEMs like LGE and to support them in delivering compelling products around the world.”

About Qualcomm

Qualcomm invents breakthrough technologies that transform how the world connects, computes and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website.