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Apple paid $6bn to settle Qualcomm dispute: Report

IANS  |  San Francisco 

may have paid chip-maker somewhere between $5 billion-$6 billion for an agreement to dismiss all ongoing litigations, including with Apple's contract manufacturers, between the two worldwide.

According to a CNBC report citing an estimate from firm on Thursday, probably agreed to pay between $8 and $9 in patent royalties per

"The estimate suggests that paid a high price to end a bitter legal battle that spanned multiple continents and threatened Apple's ability to release a 5G iPhone," the report noted.

Apple and did not comment on the development.

The deal with would put Apple on a faster path to 5G for iPhones.

"The settlement includes a payment from Apple to Qualcomm. The also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multi-year chipset supply agreement," said the Cupertino-based maker.

The Apple-Qualcomm agreement was reached as chip-maker decided to exit the 5G modem business and complete an assessment of the opportunities for 4G and 5G modems in PCs, Internet of Things devices and other

"It's likely Intel's decision prompted Apple and Qualcomm's decision to settle -- which came as quite a surprise since it happened just as lawyers were presenting opening arguments at the latest courtroom trial," The Verge reported.

Apple and Qualcomm have been fighting over patent licensing practices for the last two years.

--IANS

na/ksk

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 19 2019. 10:16 IST
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