Huawei agrees to a multi-year patent licensing deal with Qualcomm

Oct 5 (Reuters) - China's Huawei Technologies HWT.UL said on Monday it had agreed a broad multi-year patent licence deal with Qualcomm QCOM.O covering artificial intelligence, 5G, computing and networking technologies.

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 HPQ.N announced by Huawei in August.