Shares of QUALCOMM, Inc. (NASDAQ: QCOM) were trading higher by nearly 2 percent Tuesday morning after the company announced it has entered into a new 3G and 4G Chinese Patent License Agreement with Haier, a Chinese-based home appliances and consumer electronics brand.
As part of the agreement, Qualcomm has granted Haier a royalty-bearing patent license to develop, manufacture, and sell 3G and 4G subscriber units for use in China.
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Qualcomm also announced a new 3G and 4G Chinese patent license agreement with Beijing Tianyu Communication Equipment Co.
Similarly, Qualcomm has granted Tianyu a royalty-bearing patent license to manufacture and sell 3D and 4G subscriber units in China.