Qualcomm Inc. has squared away another set of licensing agreements in China, sealing 3G and 4G patent deals with Beijing Tianyu Communication Equipment Co. and appliance-maker Haier Group.
The deals are a boost for Qualcomm in China, who have recently struggled to collect licensing fees in the country causing their stock to stumble in 2015. Qualcomm shares are currently sitting at $50.88 USD. Earlier this month they dipped to $46.83, their lowest point since August 2011.
The latest deals grant the two Chinese companies royalty-bearing patent licenses to make and sell CDMA2000, 3GWCDMA and 4G LTE units to the Chinese market. No financial details were disclosed.
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