July 30 - 09:07
Qualcomm to net $1.8bn from Huawei IP licensing deal
Qualcomm has signed a new IP licensing deal with Huawei that will net the company around $1.8 billion, an announcement that saw its share price rise by 13%. The deal is part of the resolution of a long-standing patent disagreement between the two firms. Qualcomm also warned of lower than expected revenues in Q4 because of delays over a "flagship phone" launch, believed to be Apple's new iPhone.
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