1-112Gbps Medium Reach (MR) and Very Short Reach (VSR) SerDes
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
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
- Controversial former Arm China CEO founds RISC-V chip startup
- Fundamental Inventions Enable the Best PPA and Most Portable eFPGA/DSP/SDR/AI IP for Adaptable SoCs
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
- Numem at the Design & Reuse IP SoC Silicon Valley 2024
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Qualitas Semiconductor Appoints HSRP as its Distributor for the China Markets
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process