Qualcomm and LG Electronics Resolve Arbitration Dispute Over Licensing Terms
Published on: 27th Apr 2016
Note -- this news article is more than a year old.
Qualcomm and LG Electronics have resolved through good faith negotiations an arbitration dispute over certain terms in their license agreement under Qualcomm's portfolio of patents covering 3G WCDMA and CDMA2000 and 4G LTE wireless technologies as well as numerous other technologies implemented in wireless devices.
Under this resolution, LGE will continue to benefit from access to Qualcomm's broad portfolio of patented technologies that enable LGE to deliver devices to its customers globally.
"We are pleased to have resolved our dispute with Qualcomm through good faith negotiation and mutual respect," said Skott Ahn, Ph.D. President and CTO of LG Electronics Inc., "As the owner of a significant portfolio of patented technologies, LGE, like Qualcomm, recognizes the importance of patent rights and standardized technologies, which we believe have fostered a highly competitive industry and steady increase in the value delivered to consumers, in Korea and globally."