Samsung To Pay 1.3b For Patent Use

on 11/06/2009 03:43 PDT

The folks over at Qualcomm must be wearing rather big smiles today, since Samsung has announced that it has come to an agreement with Qualcomm, and will pay $1.3 billion for using Qualcomm’s CDMA, WCMA, and OFDMA patents for the next 15 years. If that wasn’t good enough, the $1.3 billion will be paid upfront, with additional royalties to be paid afterwards. Talk about good cashflow!

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Samsung Samsung is a South-Korean conglomerate which counts many subsidiaries like Samsung Electronics, which you probably know very well, but also Samsung Heavy Industries which builds ships, or Samsung Life Insurance, Samsung Securities and many more. Samsung is responsible for an amazing 20% of South Korea's exports. In the consumer electronics world, Samsung has gone from being a company with a reputation for cheap products to becoming one of the most respected companies in the world.

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