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Qualcomm to pay Apple $1bn in rebate: US court

IANS  |  San Francisco 

A has ruled that owes close to $1 billion in payments.

In a preliminary ruling, the said that "is obligated to make the payments to as they were part of a business agreement between the two companies," macrumors.com reported on Thursday.

As part of the 2013 Business Cooperation and Patent Agreement between the companies, the chipmaker made "sizeable quarterly payments" to to offset its licensing fees until 2016, according to a CNET report.

Later, stopped making payments to Apple, before their contract ended, accusing the iPhone-maker of breaching their contract by involving government bodies like the (FTC) into probing the chipmaker's business practices.

Ahead of the April trial in San Diego, has ruled in favour of Apple and his decision holds Qualcomm on the hook for the payments that it had stopped making in 2016.

Even though the ruling is not final, it gives Apple a win over Qualcomm before they face-off in court.

--IANS

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

First Published: Fri, March 15 2019. 15:20 IST
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