Qualcomm Signs Patent License Contract With VinSmart For 4G, 5G Phones

Qualcomm Friday said it has signed a patent license agreement with VinSmart, a subsidiary of Vietnam’s Vingroup. 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.

Vingroup, the parent company of VinSmart, is the largest private conglomerate in Vietnam with a diverse set of eight business segments,including Technology, Industrial, Property, Hospitality and Entertainment, Consumer Retail, Healthcare, Education and Agriculture.

With Qualcomm’s technologies the company will now be able to develop, manufacture and commercialize mobile devices and solutions.

“Qualcomm is pleased to enter into this landmark agreement with VinSmart,” said John Han, senior vice president and general manager, Qualcomm Technology Licensing. “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.”

“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, we 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, which will  provide a comfortable and modern life for the people of Vietnam,” said Mr. Nguyen Viet Quang, Vice Chairman cum CEO of Vingroup.

VinSmart was established in June 2018 with a vision to become the next significant smart device company in the world. The company expects to launch four smartphones which it believes will be the kick-start for its long-term plan to develop an ecosystem of electronic devices, smart technologies using cutting-edge technologies to provide a comfortable and modern life for the people of Vietnam. In the near future, it also has plans to develop and manufacture other smart electronic devices and IOT devices like SmartHomes and SmartTVs, and VinSmart also works with other suppliers for chipsets, components, accessories in Vietnam and around the world to have its own supply chain and control product quality before launching to the market.

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