12-02-2015, 08:09 AM
Quote:SAN DIEGO, Dec. 2, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ (NBI): QCOM) and Xiaomi, a leading Chinese smartphone and Internet (HHH) company, today announced that they have entered into a new 3G and 4GChina patent license agreement. Under the terms of the agreement, Qualcomm (QCOM) has granted Xiaomi a royalty-bearing patent license to develop, manufacture and sell 3G (WCDMA and CDMA2000) and 4G, including 3-mode (LTE-TDD, TD-SCDMA and GSM), complete devices. The royalties payable by Xiaomi are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Reform and Development Commission.
http://seekingalpha.com/pr/15529496-qual...-agreement
It's worth noting that QCOM owns about 5% of Xiaomi