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Qualcomm wins big in patent case settlement with Apple; shares jump


Added 04-16-19 04:03:01pm EST - “Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal d...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Qualcomm wins big in patent case settlement with Apple; shares jump”. Below is an excerpt from the article.

(Reuters) - Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc, signing a six-year patent license deal and a supply agreement that could pave the way to getting its modem chips back in the iPhone, which featured only Intel Corp chips last year.

The settlement also includes a payment from Apple to Qualcomm, but the companies did not disclose the amount.

The settlement followed two years of legal conflict between the two companies and came as a opening arguments took place at a trial in federal court in San Diego.

Apple had accused Qualcomm of using illegal patent practices to keep a monopoly on modem chips that connect phones to mobile data networks. Qualcomm had said Apple was using its technology without paying for it.

Apple began using Intel modem chips in some iPhones in 2016. Apple later stopped paying license fees to Qualcomm and completely stopped using its chips in iPhones in 2018.

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