U.S. Markets open in 4 hrs 32 mins

Huawei and 5G Bring Some Relief to Qualcomm’s Licensing Business

Paige Tanner
Huawei and 5G Bring Some Relief to Qualcomm’s Licensing Business

Qualcomm’s (QCOM) CEO, Steven Mollenkopf, is reducing the uncertainty surrounding the company. On the company’s fiscal third-quarter earnings call, Mollenkopf provided clarity on the QTL (Qualcomm Technology Licensing) business, stating that the company’s licensing and patent dispute with Apple (AAPL) continues, while its other major customer, Huawei, is showing some signs of openness to negotiation. Mollenkopf added that Qualcomm has signed more than ten multiyear 5G (fifth-generation) multimode handset licensing agreements with OEMs (original equipment manufacturer), including China’s (MCHI) Xiaomi, indicating that the US-China trade war won’t affect its business in China. Qualcomm is in talks with more OEMs for 5G licensing agreements.