Qualcomm Incorporated and VinSmart, a wholly-owned subsidiary of Vingroup, have entered into a Patent Licensing Agreement covering multimode complete terminals.

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. Royalties payable by VinSmart are consistent with the terms of Qualcomm’s branded multimode licensing framework disclosed this past year.

With this agreement, VinSmart joins the growing list of key OEMs around the world to have direct access to Qualcomm’s breakthrough technologies. VinSmart will have access to Qualcomm’s broad patent portfolio for the development of complete multimode terminals.

“The strategic agreement with Qualcomm will accelerate VinSmart’s vision to be the next significant smart device company in the world,” said Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup. “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.”

He added that the collaborative synergy with Qualcomm will offer significant value to Vingroup’s plan to become an international-standard technology-industry-service conglomerate by 2028. VinSmart planned on launching its first 4G/LTE smartphones on December 14, to launch the company’s aggressive expansion into the smart electronic devices space.

Entering into this agreement will help VinSmart enhance its capabilities to develop, manufacture, and commercialize mobile devices and solutions based on Qualcomm’s industry-leading technologies. This development also illustrates how Qualcomm’s business model is enriching the mobile ecosystem. Together, VinSmart and Qualcomm will further benefit Vietnam’s economic development by participating in the government’s program for Industry 4.0 and the country’s transition towards a digital economy.

“Qualcomm is committed to growing the mobile ecosystem in Vietnam,” said Mr. Nam Thieu, Senior Director, Business Development, and Vietnam Country Manager at Qualcomm International, Inc. “We are proud to have the opportunity to collaborate with VinSmart to enable advanced mobile devices and services powered by our foundational technologies for the people of Vietnam.”

“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,” Mr. John Han, Senior Vice President and General Manager of Qualcomm Technology Licensing, added.

Qualcomm invents breakthrough technologies that transform how the world connects, computes, and communicates. Leading the world to 5G, Qualcomm envisions this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of healthcare services, and IoT, including smart cities, smart homes, and wearables.