Samsung will pay $1.3 billion for Qualcomm patent licenses
Samsung has recently announced an agreement with Qualcomm, according to which it will pay $1.3 billion for using Qualcomm’s CDMA, WCDMA and OFDMA patents for the next 15 years.
The $1.3 billion will be paid upfront, with additional royalties to be paid afterwards.
According to Telecoms Korea, the $1.3 billion that will be received from Samsung accounts for about 80% of Qualcomm’s net income of fiscal year 2009.
(Samsung S8000 Jet, one of the latest Samsung phones to use a Qualcomm platform)
Reportedly, the new deal with Qualcomm was signed by Samsung “under the most favorable conditions”, thanks to the fact that the South Korean company is Qualcomm’s most important customer.
Enjoyed the story? Get the news and updates as we publish them. For instant updates as we press the "Publish" button, click here to follow us on Twitter . To subscribe to RSS News Feed click here , for daily e-mail updates click here .If you liked the post, you might find these interesting too:
- Qualcomm and BlackBerry heading for Korea now that WIPI’s gone
- Snapdragon smartbook, smartphone to be launched in Korea this year
- RIM reports strong growth, 3.9 million new BlackBerry subscribers
- HTC prepares about 10 new handsets for 2009
- Nokia dual SIM phones to come in the second quarter of 2010
« Google Mobile App now offered through Best Buy storesDell Mini 3iX passes the FCC, AT&T 3G included »