Qualcomm to see at least RM18.6bil from Apple settlement.

Apple accused Qualcomm, which holds the most patents for chips,
of taking advantage of its dominant position to charge exorbitant amounts.
— AFP

US mobile chipmaker Qualcomm on Wednesday said it expects a windfall of US$4.5bil (RM18.6bil) to US$4.7bil (RM19.41bil) this quarter from its recent settlement with Apple in a royalty battle.

Qualcomm factored the additional revenue into a forecast in its latest earnings release, saying the money would be a payment "from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities."

The Southern California-based company also factored in revenue expected for new royalties from Apple and the makers of its devices. Qualcomm reported revenue of US$5bil (RM20.6bil) in the recently ended quarter, while its forecast for the current quarter was from US$9.2bil (RM38bil) to US$10.2bil (RM42.1bil) in revenue.

In April, Apple and Qualcomm announced an agreement to "dismiss all litigation" against each other worldwide in what had been a sprawling battle over royalty payments. The last-minute settlement cut short a courtroom clash between the tech giants just as it was getting underway in California. 

By Tech News.

Full story at The Star.