SAN DIEGO and HANOI, Vietnam, Dec.
13, 2018 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ:
QCOM) and VinSmart, a wholly owned subsidiary of Vingroup, today
announced they have entered into a Patent Licensing Agreement which
covers multimode complete terminals (the "Agreement").
Under the terms of the Agreement, Qualcomm has granted
VinSmart a royalty-bearing patent license to develop, manufacture
and sell branded multimode complete terminals such as 4G/5G
smartphones. The royalties payable by VinSmart are consistent
with the terms of Qualcomm's branded multimode licensing framework
disclosed this past year.
The full release is available on the Qualcomm News Center
website at
(https://www.qualcomm.com/news/releases/2018/12/13/qualcomm-and-vingroup-subsidiary-vinsmart-sign-multimode-global-patent)
About Qualcomm
Qualcomm invents breakthrough
technologies that transform how the world connects, computes and
communicates. When we connected the phone to the Internet, the
mobile revolution was born. Today, our inventions are the
foundation for life-changing products, experiences, and industries.
As we lead the world to 5G, we envision this next big change in
cellular technology spurring a new era of intelligent, connected
devices and enabling new opportunities in connected cars, remote
delivery of health care services, and the IoT — including smart
cities, smart homes, and wearables. Qualcomm Incorporated includes
our licensing business, QTL, and the vast majority of our patent
portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm
Incorporated, operates, along with its subsidiaries, all of our
engineering, research and development functions, and all of our
products and services businesses, including, our QCT semiconductor
business. For more information, visit Qualcomm's website, OnQ
blog, Twitter and Facebook pages.
About VinSmart
VinSmart is a wholly owned subsidiary
of Vingroup – the largest private conglomerate in Vietnam. The company was established in
June 2018 with a vision to become the
next significant smart device company in the world. VinSmart
expects that the first four Vsmart smartphones will be
the kick-start for its long-term plan to develop an ecosystem of
electronic devices, smart technologies using cutting-edge
technologies to provide a comfortable and modern life for the
people of Vietnam. In the near
future, VinSmart will develop and manufacture other smart
electronic devices and IOT devices like SmartHomes and SmartTVs,
and VinSmart also works with other suppliers for chipsets,
components, accessories in Vietnam
and around the world to have its own supply chain and control
product quality before launching to the market. For more
information, visit VinSmart's website and Facebook pages.
Qualcomm Contacts:
Pete
Lancia, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-651-1387
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated