A PYMNTS Company

US: Qualcomm strikes new licensing deal with LG

By  |  August 20, 2019

Qualcomm announced on Tuesday, August 20, that it has entered into a new five-year patent license agreement with LG Electronics to develop, manufacture and sell 3G, 4G, and 5G smartphones.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    LGE had announced in June it was unable to narrow differences with Qualcomm and renew its chip license agreement.

    According to the Wall Street Journal, the deal is “a win for Qualcomm because it locks up one of the top 10 handset manufacturers in a more top-heavy market,” IDC analyst Ryan Reith said. “There are fewer and fewer brands out there.”

    Qualcomm in April also reached a surprise settlement that cleared the road for iPhones to once again use its modem chips, but its shares were hurt in July when Apple bought Intel Corp’s modem business for US$1 billion.

    Full Content: Wall Street Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.