Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, today announced that it has granted TechFaith Wireless Technology Group Limited, a British Virgin Islands corporation and wholly-owned subsidiary of China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF), a royalty-bearing, worldwide license under Qualcomm's patent portfolio to develop, manufacture and sell subscriber units and modem cards implementing the WCDMA and TD-SCDMA standards. TechFaith is now licensed by Qualcomm for 3G subscriber units and modem cards that implement the CDMA2000®, WCDMA/UMTS and/or TD-SCDMA standards. The royalties payable by TechFaith are at Qualcomm's standard worldwide rates and are the same irrespective of the CDMA standard implemented by the subscriber unit or modem card.
“We are experiencing increased momentum in the worldwide transition from 2G to 3G mobile services,” said Marvin Blecker, president of Qualcomm Technology Licensing. “The expansion of TechFaith's licenses from Qualcomm to including these additional 3G CDMA technologies will ensure that they remain highly competitive in the global market by offering advanced wireless handsets and modem cards to customers throughout the world.”
“By expanding its licenses from Qualcomm, TechFaith, a leading developer of 3G technology, is poised to strengthen its worldwide position by offering an increasingly diverse set of new handsets, modem cards and applications,” said Philip He, CTO of TechFaith. “As a handset ODM, TechFaith is now able to develop, manufacture and sell products covering the 3G spectrum, including CDMA2000, WCDMA/UMTS and TD-SCDMA. We believe the close cooperation with Qualcomm will enable us to offer our customers fully integrated 3G solutions that will serve the worldwide market and will support a seamless transition by GSM and GPRS operators to 3G - making the most of existing network investments, reducing startup costs and providing rewarding new experiences and applications for consumers.”
TechFaith (NASDAQ: CNTF) is an original design manufacturer, or ODM, focused on research and development of cell phone solutions based in China. The Company employs approximately 1,300 professionals, of whom 90 percent are engineers. TechFaith's business includes handset design, feature phone solution, data card and wireless module, application software, and smartphone and pocket PCs. With the capability of developing MMI / UI software on GSM/GPRS, CDMA1X, EV-DO, WCDMA/UMTS, HSDPA and TD-SCDMA communication technologies, TechFaith is able to provide MMI/UI software packages that fulfill the specifications of handset brand owners and major global operators. Having a full range of wireless application software including WAP, Java, MMS, WWW browser, SyncML and DRM, TechFaith is also providing total solutions for upper layer software of handsets. In addition, TechFaith is developing smartphone software based on open operating systems including Linux and Windows Mobile, and capable of implementing high-end smartphones integrating Bluetooth, WiFi, high megapixel cameras, etc. based on different communication technologies according to special requirements of customers. For more information, please visit www.techfaithwireless.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2007 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 24, 2006, and most recent Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). All other trademarks are the property of their respective owners.
October 01, 2007
October 01, 2007