Qualcomm Rallies With Further China Deals

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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