— Companies Agree to 7-Year Extension of Patent Licensing Agreement Through 2030 —
— Snapdragon Platforms to Power Future Samsung Galaxy Devices —
Qualcomm Incorporated today announced that the Company has strengthened its strategic partnership with Samsung Electronics Co., Ltd. to deliver leading premium consumer experiences for Samsung Galaxy devices. Qualcomm Incorporated and Samsung have agreed to extend their patent license agreement for 3G, 4G, 5G and upcoming 6G mobile technology through the end of 2030. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, and Samsung also agreed to expand their collaboration with Snapdragon® platforms for future premium Samsung Galaxy products, including smartphones, PCs, tablets, extended reality, and more. These collaborations reinforce the Companies' track record of success and reaffirms their commitment to expanding technology leadership and delivering the world's best device experiences.
"The extension of our licensing agreement is further evidence of our mutual commitment to long-term collaboration," said Cristiano Amon , president and chief executive officer, Qualcomm Incorporated. "Our relationship with Samsung has never been stronger. For more than two decades we've worked together to lead the industry and we are pleased to continue this strategic partnership to develop innovative technologies and products using Snapdragon platforms to power more Samsung premium devices globally."
"Qualcomm's innovative technology has played a pivotal role for advancement of mobile industry. The collaboration between Samsung and Qualcomm spans many years and these agreements reflect our close and long-standing strategic partnership. We are committed to working with Qualcomm to advance the mobile industry and users' experiences for future Samsung Galaxy devices," said Dr. TM Roh, President and Head of MX Business, Samsung Electronics.
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.
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, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.
Snapdragon is a trademark or registered trademark of Qualcomm Incorporated.
Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.
Pete Lancia , Corporate Communications
Mauricio Lopez-Hodoyan, Investor Relations
SOURCE Qualcomm Incorporated