Qualcomm has already agreed to form a strategic partnership with Baidu in the interim around AI and deep learning, which one source said to me was part of a package of concessions offered to placate Beijing. Without a doubt, the news will prove a rare bit of relief for Qualcomm, which has been buffeted by challenges over the past year, including its hostile takeover battle with Broadcom and ongoing patent lawsuits with some of its biggest customers like Apple. Shareholders are likely to be enthusiastic with the outcome, and the stock was up 3 percent in after-hours trading following the news.