Qualcomm And Vingroup subsidiary VinSmart Sign Multimode Global Patent License Agreement

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.

SOURCE Qualcomm Incorporated
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