QUALCOMM and HTC Corporation announced a minority equity investment in HTC by QUALCOMM and a worldwide multi-million dollar, royalty-bearing CDMA subscriber unit and modem card license agreement. The agreement makes HTC the first company in Taiwan to be granted a CDMA second and 3G license by QUALCOMM to develop, manufacture and sell subscriber unit and CDMA modem card products for standards including cdmaOne, CDMA2000 1x/1xEV, WCDMA and TD-SCDMA.

"The partnerships and the products we have developed reflect our goal to be the number one ODM wireless handheld device manufacturer in the world," said HT Cho, president of HTC Corporation. "We not only offer world-leading manufacturing, engineering and design skills but also the rich experience we have from the technological solutions HTC has initiated. The cooperation with QUALCOMM again expands the value, expertise and resources that we can provide our customers."

In his speech, Paul Jacobs, executive vice president of QUALCOMM, spoke of the opportunities HTC had secured for itself and explained his company's decision to invest in HTC.

"This license for QUALCOMM's essential CDMA patent portfolio will allow HTC to develop and manufacture advanced third-generation CDMA voice and data wireless communications solutions for the mobile market. QUALCOMM is pleased to help HTC meet the growing demand for wireless Internet access," Jacobs said. "The rollout of 3G networks and the provision of 3G services will be exciting and challenging. Our decision to invest in HTC is calculated to make sure devices that can utilize the full potential of 3G are on the market when the service becomes available. Combining HTC's expertise in Pocket PC and mobile device engineering with QUALCOMM's CDMA technology will facilitate the creation of a formidable range of wireless smart handheld devices and smart phones ready for 3G."

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last updated: January 12, 2004

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