Qualcomm Booking $4.5B in Apple Deal
Windfall comes amid continuing smartphone weakness in China
By Rick Merritt, EETimes
May 1, 2019
SAN JOSE, Calif. – Qualcomm will book a whopping $4.5-$4.7 billion in third quarter revenues as part of the litigation settlement it struck with Apple in mid-April. The funds include both past due patent royalties Apple will pay and Qualcomm’s release from obligations to the iPhone designer and its contract manufacturers.
The windfall will more than double third quarter revenues for the mobile chip giant amid a smartphone market where it sees continued weakness.
Qualcomm executives did not say how it will use the funds. In a quarterly conference call, they pointed to an on-going share buy-back program and a roughly $300 million increase in employee bonuses.
To read the full article, click here
Related Semiconductor IP
- ISO/IEC 7816 Verification IP
- 50MHz to 800MHz Integer-N RC Phase-Locked Loop on SMIC 55nm LL
- Simulation VIP for AMBA CHI-C2C
- Process/Voltage/Temperature Sensor with Self-calibration (Supply voltage 1.2V) - TSMC 3nm N3P
- USB 20Gbps Device Controller
Related News
- Intel to Cut A Deal with Apple for Fab 42?
- Qualcomm Returns Fire in Apple Suit
- Qualcomm Files Answer and Counterclaims to Apple Lawsuit
- Apple Stops Royalties to Qualcomm
Latest News
- Quintauris and Andes Technology Partner to Scale RISC-V Ecosystem
- Europe Achieves a Key Milestone with the Europe’s First Out-of-Order RISC-V Processor chip, with the eProcessor Project
- Intel Unveils Panther Lake Architecture: First AI PC Platform Built on 18A
- TSMC September 2025 Revenue Report
- Andes Technology Hosts First-Ever RISC-V CON in Munich, Powering Next-Gen AI and Automotive Solutions