Qualcomm shares up 4.6% pre-market on multi-year patent deal with Huawei

Qualcomm (QCOM) shares rose 4.6% in pre-market trading on Monday after signing a multi-year patent agreement with Huawei covering 5G, AI, computing and networking, under which Qualcomm will pay Huawei for the first time and buy certain Huawei U.S. patents — a reversal of their prior 25-year licensing arrangement. The deal covers 680+ patents. Huawei expects total value of its patent licensing agreements to exceed $6.9 billion after the deal.

Detected & updated continuously · Source: Nebula