On Wednesday, local time, Qualcomm released its fourth quarter and full year financial reports. According to the report, Qualcomm’s fourth-quarter net profit was US$2.96 billion, compared to US$506 million in the same period last year, a year-on-year increase of 485%; revenue was US$8.346 billion, an increase from US$4.814 billion in the same period last year. 73%.

It is worth noting that Qualcomm CEO Steve Mollenkopf confirmed that he received a one-time payment of US$1.8 billion (approximately RMB 12 billion) from Huawei during the quarter, and this revenue was also included in the sales of this financial report. .

At the same time, Mollenkopf said that Qualcomm has applied to the US government for a license to sell chips to Huawei, but has not received any response.

Qualcomm expects revenue in the first quarter of fiscal 2021 to be between $7.8 billion and $8.6 billion. In terms of applications, Qualcomm has achieved substantial growth in the mobile phone, RF front-end, and Internet of Things markets.

In July of this year, Qualcomm announced that it had signed a long-term patent license agreement with Huawei and will receive a recovery of US$1.8 billion in the fourth fiscal quarter. Qualcomm said that although Huawei is still prohibited from buying Qualcomm chips, they have now resumed paying for wireless technology patent licensing fees.

Industry insiders said that Huawei has a lot of patents in the field of communications, especially 5G technology, so they can go to Qualcomm for cross-licensing patents, thereby greatly reducing the cost of core licensing patents.