Qualcomm Incorporated (NASDAQ: QCOM) has entered into a Chinese Patent License Agreement (CPLA) with QiKu Internet Network Scientific (Shenzhen) Co., Ltd (QiKu), a joint venture between Qihu and Coolpad, the company said.
Under the terms of the royalty bearing agreement, Qualcomm has granted QiKu a patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO), and 4G LTE (including “3-mode” GSM, TD-SCDMA and LTE-TDD) subscriber units for use in China. The royalties payable by QiKu are consistent with the terms of the rectification plan submitted by Qualcomm to China´s National Development and Reform Commission.
QiKu Internet Network Scientific (Shenzhen) Co., Ltd. is a leading Internet company in China, primarily providing products and services including smartphones, 360 Operating System and connected devices. Headquartered in Shenzhen, China and less than a year old, the company has already been recognized by the industry as among the top emerging Internet smart devices companies in China.
Qualcomm Incorporated is a provider of 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm´s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm´s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT.