Steven Mollenkopf on patent licensing
From Qualcomm's QCOM CEO Steve Mollenkopf on Q3 2020 Results · · Daily Earnings Calls
“We recently signed a new long-term global patent license agreement with Huawei, including a cross license granting back rights to certain of Huawei's patents. We also entered in an agreement settling amounts due under the prior license agreement. We are pleased to have successfully reached resolution with Huawei.”
On , Steven Mollenkopf, Former Chief Executive Officer at Qualcomm, spoke about patent licensing during Qualcomm's QCOM CEO Steve Mollenkopf on Q3 2020 Results on Daily Earnings Calls.
About Steven Mollenkopf
In 2018, Mollenkopf expressed disappointment over the termination of Qualcomm's deal to acquire NXP Semiconductors, but noted that the company had grown its non-mobile revenue to $5 billion, a 70% increase since the deal was signed. He stated that Qualcomm did not see a change in China's posture toward the company despite the deal's failure, and described the business environment there as "very friendly" and "very constructive." Throughout 2019 and 2020, Mollenkopf described 5G as a fundamental technology change comparable to electricity or water, and cited an IHS study estimating it would generate $13.2 trillion in economic value by 2035. He said that 5G would disrupt industries including healthcare, energy, retail, and manufacturing. Mollenkopf also stated that he did not expect a separation of international 5G standards, saying it was not in the interest of companies like Qualcomm and Huawei to create such a divide. He characterized Qualcomm as the world's leading wireless technology innovator, citing $61 billion in R&D investment over 35 years.