Nokia, Qualcomm settle patent dispute
Nokia, the world's biggest maker of mobile phones, and chipmaker Qualcomm announced on Wednesday that they had signed a licensing agreement settles all patent litigation between the two companies.
Financial terms of the agreement were not released, but the companies said Nokia will pay royalties to Qualcomm for 15 years to license technology that improves performance and battery life, while reducing the size of products. Nokia said it will also withdraw its antitrust complaint against Qualcomm filed with the European Commission.
"We believe that this agreement is positive for the industry, enabling the market to benefit from innovation … Read more