Qualcomm Incorporated (NASDAQ: QCOM) has reached agreement with Meizu Technology Co., Ltd. to grant Meizu a worldwide royalty-bearing patent license to develop, manufacture and sell CDMA2000, WCDMA and 4G LTE (including “3-mode” GSM, TD-SCDMA and LTE-TDD) complete devices, the company said.
The royalties payable by Meizu in China are consistent with the terms of the rectification plan submitted by Qualcomm to China´s National Development and Reform Commission (NDRC).
This agreement resolves all of the patent disputes between Qualcomm and Meizu in China, Germany, France, and the United States. Qualcomm and Meizu have agreed to take appropriate steps to terminate or withdraw the patent infringement litigations and respective invalidity proceedings or other related litigations.
Meizu Technology was founded in 2003. The company designs and develops smart devices and systems.
Qualcomm´s technologies power smartphones and pioneer 3G, 4G, and 5G intelligent, connected devices.