Samsung Pays Qualcomm $1.3 Billion
Posted: November 9th, 2009 at 11:11 am EST by mindfrost82
1 Comment
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Samsung and Qualcomm have reached a cross-licensing deal which will let Samsung continue producing 3G and 4G wireless phones for the next 15 years. Samsung is also letting Qualcomm 57 of its patents on mobile technology. The $1.3 Billion is a down payment and future loyalty payments will be involved, but aren’t detailed. It is basically a renewal of their current agreement.
Source: Engadget |
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