REUTERS: Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with Apple Inc that includes a supply agreement paving the way for the iPhone to once again use Qualcomm modem chips.
The settlement followed two years of increasingly bitter legal conflict between the two companies and came as a opening arguments took place at a trial in federal court in San Diego. The deal could help Qualcomm return to the preeminent position it held in the early 2010s when it dominated the transition to 4G mobile networks and expanded revenues dramatically.
Apple did not say whether it would keep Intel aboard as a supplier, but the company's executives testified in January at a trial between the U.S. Federal Trade Commission and Qualcomm that Apple's policy is always seek several suppliers.Qualcomm said the arrangements are expected to generate US$2 per share in additional earnings, though analysts cautioned it was not clear how much of that was coming from the licence deal versus the supply agreement.
Finally, a U.S. FTC case against Qualcomm that makes many of the same claims of anticompetitive behaviour remains unresolved, with a decision expected at any time.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »