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Xiaomi has enjoyed a rapid rise with handsets it touts as
cheaper but well-designed alternatives to Apple Inc's iPhones.
Shares of Qualcomm rose 3.6 percent to $51.07 in premarket
trading on Wednesday.
Qualcomm said in November that it was facing delays in closing
new licensing agreements in China and some Chinese customers
were "improperly withholding" royalties on Qualcomm's patents by
changing the way they report sales.
Up to Tuesday's close, Qualcomm stock had lost nearly a third of
its value this year.
(Reporting by Alan John Koshy; Editing by Shounak Dasgupta)
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