Qualcomm Signs License With TechFaith

San Diego-based Qualcomm said today that it has granted TechFaith Wireless Communication Technology Limited with a license to develop, manufacture, and sell subscriber units and modems using its patents. TechFaith, which is a British Virgin Islands corporation which is a wholly-owned subsidiary of China TechFaith Wireless, will use the license to develop handsets and modem cards. Financial terms of the license were not disclosed.