Xiaomi Deal To Recharge Qualcomm's ATM Machine, For Now

After a long battle with regulators and domestic smartphone companies, things begin to look up for Qualcomm in China. On Wednesday, the company announced that it reached an agreement with Xiaomi whereby Qualcomm will give Xiaomi a royalty-based license to develop, manufacture, and sell 3G (WCDMA and CDMA2000) and 4G,