Qualcomm today announced that the company and Samsung Electronics have signed a multi-year strategic relationship agreement over various technology areas and across a range of mobile devices. This agreement will also expand the companies relationship as technology partners.
The agreement will also cover mobile devices and infrastructure equipment and as a part of the agreement, Samsung will now withdraw its interventions in Qualcomm’s appeal of the KFTC decision against an $868m fine in 2016 over excessive” licensing fees in the Seoul High Court.
Qualcomm did not disclose any terms and conditions of the amended deal but said it consistent with global-handset pricing. Both Qualcomm and Samsung are also said to work together for Qualcomm’s processors that also include the transition to 5G. Qualcomm early last week signed similar commitments with Lenovo, OPPO, Vivo, and Xiaomi in China.
Commenting on the agreement, Cristiano Amon, president, Qualcomm Incorporated said:
The announcement today underscores the importance of our longstanding strategic relationship with Samsung in driving core mobile technology into many different segments. As Qualcomm continues to lead the world to 5G, the opportunities between our companies are growing and this agreement sets us both on a path for continued success.
TM Roh, executive vice president and the head of mobile R&D, Samsung Electronics said:
We value our strategic relationship with Qualcomm Technologies. And look forward to working together to deliver leading technologies in the years ahead.