Qualcomm Pays Huawei for 5G Patents - First AI Tech Breakthrough
AI News Flash: Huawei announced on Monday that rival Qualcomm will pay to use its patents for the first time, as the two companies reached a cross-licensing agreement covering 5G and AI technology. The deal marks a major breakthrough for the Chinese company’s IP portfolio, though it still needs to clear review by US regulators before taking effect. Qualcomm first started paying to license some of Huawei’s patented technology back in 2001, and this new cross-licensing deal, once approved, would make Qualcomm a ’net payer’ in this patent relationship for the first time - meaning Qualcomm would pay Huawei more in licensing fees than Huawei pays Qualcomm.