US chip giant Qualcomm has agreed to a multi-year, broad patent licence agreement with China's Huawei Technologies, covering 5G, computing, and artificial intelligence. Huawei stated on Monday that the deal involves cross-licensing between both firms' patent portfolios and includes Qualcomm's purchase of specific Huawei US patents across compute, AI, and networking technologies. The transaction does not involve any other business cooperation and remains subject to regulatory approvals; the value of the deal was not disclosed.