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How much are excuses? Well, if you are Apple, it turns out that the figure is at least $ 4.5 billion, which Qualcomm has revealed in its second quarter results that it will draw from the settlement agreement between both companies, which was previously involved in a nasty patent. to challenge in recent years.
The Apple / Qualcomm settlement was an unexpected change at the beginning of the lawsuit between the two companies. According to a report by Bloomberg, Apple had decided that Intel modems (which Apple used exclusively in the meantime because of its fight with Qualcomm) would not be ready in time for an iPhone 5G, leading Apple to increase the sum recently revealed between 4.5 and 4.7 USD. billion to catch up with Qualcomm. This amount is separate from future royalties that Apple will pay for the future use of Qualcomm chips in its devices.
As for Apple, its billions have bought a six-year global patent license from Qualcomm, with the option to extend it for two years, ending legal disputes with the global chip society and benefiting from the services of Qualcomm. a parts supplier for future devices. This is essential for Apple, since with Intel pulling out of the 5G modems market, Qualcomm is essentially the only game in town, until Apple starts producing its own.
"We are also pleased to have entered into multi-year agreements with Apple and look forward to continuing to help them as a customer," said Steve Mollenkopf, CEO of Qualcomm.
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