|More from: | ZDNET |||
The years-long legal battle between Apple and chipmaker Qualcomm is finally settled. The two companies agreed Tuesday to end all litigation, including with Apple’s contract manufacturers, in a settlement that involves Apple paying Qualcomm an undisclosed amount. The companies also came to six-year license agreement, effective April 1, as well as a multiyear chipset supply agreement. Shares of Qualcomm were up nearly 15 percent on the news.
The two companies had been locked in a patent dispute going back to January 2017, when Apple filed a suit against Qualcomm accusing the semiconductor giant of overcharging for chips and withholding nearly $1 billion in contractual rebate payments. Apple’s suit also claimed that Qualcomm created an
Read full article » https://www.zdnet.com/article/apple-qualcomm-agree-to-end-all-patent-litigation/#ftag=RSSbaffb68
About | ZDNET |
ZDNet brings together the reach of global and the depth of local, delivering 24/7 news coverage and analysis on the trends, technologies and opportunities that matter to IT professionals and decision makers.
Whatever your role in the IT buying cycle, ZDNet provides support -- from investigating options to optimizing a solution. Whether you want to follow hot topics or emerging trends, or keep up to date with the latest news and events, ZDNet is the destination for professionals seeking to research technology-related issues, and solve business technology problems.