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
- Bluetooth Low Energy 6.0 Digital IP
- Ultra-low power high dynamic range image sensor
- Flash Memory LDPC Decoder IP Core
- SLM Signal Integrity Monitor
- Digital PUF IP
Related News
- Intel to Cut A Deal with Apple for Fab 42?
- Qualcomm Leads 32/64-bit Core Silicon Vendor Share Ranking in 2014, Ahead of Apple & MediaTek, says Semicast
- Qualcomm Returns Fire in Apple Suit
- Qualcomm Files Answer and Counterclaims to Apple Lawsuit
Latest News
- Intel facing another crossroads: 18A or 14A process node
- Creonic Successfully Renewed its ISO 9001:2015 Certification
- Silvaco Strengthens Leadership Team with Three Industry Veterans to Drive Innovation and Growth
- JFE Shoji Electronics Signs Sales Agent Agreement with Andes Technology
- Mixel Supports Automotive SerDes Alliance (ASA) Motion Link SerDes IP