Vietnamese Firm VinSmart joins the growing list of key OEMs around the world to have direct access to Qualcomm’s breakthrough technologies.
Qualcomm Incorporated and VinSmart, a wholly owned subsidiary of Vietnam’s largest real estate company Vingroup, have entered into a Patent Licensing Agreement.
Under the terms of the Agreement, Qualcomm has granted VinSmart a royalty-bearing patent license to develop, manufacture and sell branded multimode complete terminals such as 4G/5G smartphones.
The royalties payable by VinSmart are consistent with the terms of Qualcomm’s branded multimode licensing framework disclosed this past year.
With this Agreement, VinSmart joins the growing list of key OEMs around the world to have direct access to Qualcomm’s breakthrough technologies. The San Diego-based chipmaker currently has more than 345 licensees globally.
Access to Qualcomm’s broad technology patent portfolio
The agreement will give VinSmart access to Qualcomm’s broad patent portfolio for the development of complete multimode terminals.
“Qualcomm is pleased to enter into this landmark agreement with VinSmart,” said John Han, senior vice president and general manager, Qualcomm Technology Licensing.
Han added, “With access to our diverse and ever-expanding technology patent portfolio, VinSmart will now be able to develop and market compelling 3G/4G/5G devices powered by Qualcomm’s leading mobile technologies both in Vietnam and abroad.”
Nguyen Viet Quang, Vice Chairman cum CEO of Vingroup, believes that the strategic agreement with Qualcomm will accelerate VinSmart’s vision to be the next significant smart device company in the world.
In addition to the agreement, Nguyen said they will leverage Qualcomm’s innovative technologies to develop an ecosystem of electronic devices and smart solutions based on cutting-edge technologies such as 5G and AI.
“The collaborative synergy with Qualcomm will offer significant value to Vingroup’s plan to become an international-standards technology-industry-service conglomerate by 2028,” the CEO asserted.