BRQS - Borqs revises Qualcomm licensing agreements to include 5G patent-related purchase

Borqs Technologies (NASDAQ:BRQS) revised certain licensing agreements with Qualcomm, which includes the purchase of 5G patent licensing agreement. The agreements enable Borqs to design and manufacture 5G products based on Qualcomm's latest technologies. Grand View Research's new study shows that the global 5G services market size is expected to reach $1.67T by 2030, registering a CAGR of 52.0% from 2022 to 2030, considering the rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity. The U.S. is expected to dominate the North America regional market from 2022 to 2030.

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Borqs revises Qualcomm licensing agreements to include 5G patent-related purchase