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.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
|
Related News
- Apple's $1 Billion Baseband Deal
- Analysis: In $2.5B Deal, Qualcomm & CSR Mesh
- Nokia set to pay Qualcomm $2.3bn in patent deal
- Apple announces multibillion-dollar deal with Broadcom for components made in the USA
- Apple to Start Mass Producing Self-Designed Mac SoC, Projected to Cost under US$100, in 1H21, Says TrendForce
Breaking News
- Global Semiconductor Sales Increase 3.9% Month-to-Month in October; Annual Sales Projected to Increase 13.1% in 2024
- Pragmatic Semiconductor secures £182m ($231m) investment led by M&G and UK Infrastructure Bank
- Lattice Collaborates with NVIDIA to Accelerate Edge AI
- GUC Monthly Sales Report - November 2023
- Rambus Protects Data Center Infrastructure with Quantum Safe Engine IP
Most Popular
- Gartner Forecasts Worldwide Semiconductor Revenue to Grow 17% in 2024
- Intel to place US$14 billion orders with TSMC, says report
- BrainChip Attracts Former Intel AI Sales Executive to Head Up Sales
- Canonical joins the RISC-V Software Ecosystem (RISE)
- USPTO announces Semiconductor Technology Pilot Program in support of CHIPS for America Program