Samsung to hand over $1.3 billion upfront to Qualcomm

Apparently according to an article over on unwired view, Samsung has announced a deal with Qualcomm to fork over some $1.3 billion for the privilege of using Qualcomm’s CDMA, WCDMA, and OFDMA patents for the next fifteen years.

Apparently the new Samsung, Qualcomm deal was signed “under most favourable conditions,” mainly due to Samsung being Qualcomm’s most important customer, and it is said that the $1.3 billion will be an upfront payment with additional royalties thereafter.

Telecoms Korea has said that Samsung‘s $1.3 billion accounts for roughly 80 percent of Qualcomm’s net income for 2009.

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