Qualcomm will receive at least $ 4.5 billion from Apple as part of the patent settlement
How much is the excuse worth? Well, if you are Apple, it turns out that the figure is at least $ 4.5 billion, which is the amount Qualcomm revealed in Q2 revenue, it will come from the deal agreement between the companies, which had previously been involved in a nasty patent dispute over the past few years.
The Apple / Qualcomm settlement was an unexpected shift that came early in the attempt between the two companies. According to a report by Bloomberg Apple had decided that Intel's modems (which Apple had only used in the meantime due to its struggle with Qualcomm) were not ready in time for a 5G iPhone, which led Apple to pony It recently revealed the sum of $ 4.5 to $ 4.7 billion to settle with Qualcomm. That amount is separated from future royalties that Apple will pay to use Qualcomm chips in their units ahead as well.
As far as Apple is concerned, billions have bought the company a six-year global patent license agreement with Qualcomm, with the opportunity to expand it for another two years, and end the legal battles with the chip company around the world and to win Qualcomm's subcontractor services. for future units. It's critical to Apple, given that with Intel's withdrawal from the 5G modem market for phones, Qualcomm is mainly the only game in town ̵[ads1]1; until or even Apple starts producing its own.
"We are also pleased to have reached multi-year deals with Apple and look forward to continuing to support those customers," said a statement by Qualcomm CEO Steve Mollenkopf.
