Qualcomm to license patents to Chinese mobile phone maker Xiaomi

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/bQ7iTYUMboxGboZ6X.oodg--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en_us/News/Reuters/2015-12-02T135233Z_1006990001_LYNXMPEBB10N2_RTROPTP_2_CTEC H-US-QUALCOMM-XIAOMI.JPG (http://news.yahoo.com/qualcomm-license-patents-chinese-mobile-phone-maker-xiaomi-135233172--finance.html)(Reuters) - Chipmaker Qualcomm Inc signed a licensing pact with Xiaomi Technology Co Ltd that allows the Chinese smartphone maker to use its patents to make and sell 3G and 4G devices. Xiaomi has enjoyed a rapid rise with handsets it touts as cheaper but well-designed alternatives to Apple Inc's iPhones. Shares of Qualcomm rose 3.6 percent to $51.07 in premarket trading on Wednesday.



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