The Zhitong Finance App learned that Huawei and Qualcomm (QCOM.US) announced on Monday that they have reached a multi-year extensive patent licensing agreement, which includes cross-licensing of the two parties' patent portfolios in various fields such as 5G, computing, artificial intelligence, and networking, as well as Qualcomm's acquisition of some of Huawei's US patents. The deal will be completed after obtaining the necessary regulatory approvals. As of press time, Qualcomm is up more than 4% in the premarket.

The Zhitong Finance App learned that Huawei and Qualcomm (QCOM.US) announced on Monday that they have reached a multi-year extensive patent licensing agreement, which includes cross-licensing of the two parties' patent portfolios in various fields such as 5G, computing, artificial intelligence, and networking, as well as Qualcomm's acquisition of some of Huawei's US patents. The deal will be completed after obtaining the necessary regulatory approvals. As of press time, Qualcomm is up more than 4% in the premarket.