Qualcomm makes progress in licensing talks in China

San Francisco

QUALCOMM Inc, the world's largest maker of mobile phone chips, said that it is making progress in talks with a Chinese company to resolve an investigation that is hurting the collection of licensing revenue.

Qualcomm said that it "expects to collect on substantially all LTE devices" in its efforts to get paid for ownership of patents on so-called 4G mobile phone technology in China. The company did not specify when a resolution may come in the presentations released ahead of investor meetings by executives in New York on Wednesday.