Apple, allies seek billions in U.S. trial testing Qualcomm’s business model

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The lawsuit in federal court revolves around the modem chips that connect devices like the iPhone or Apple Watch to wireless data networks

Apple Inc and its allies on Monday will kick off a jury trial against chip supplier Qualcomm Inc in San Diego, alleging that Qualcomm engaged in illegal patent licensing practices and seeking up to US$27 billion in damages.

The trial before Judge Gonzalo Curiel will play out on Qualcomm’s home turf of San Diego, where for decades the city’s National Football League team played in Qualcomm Stadium and nearly every business district hosts the mobile chip firm’s logo. Licensing generates most of Qualcomm profits. The model propelled Qualcomm from a small contract research and development shop when founded in 1985 to a global chip powerhouse important enough to U.S. national security that President Donald Trump personally intervened to prevent a hostile takeover of the company last year.

Apple and allies are asking for an end to that practice and a refund of about US$9 billion — an amount that could be tripled if a jury finds in Apple’s favour for antitrust allegations — for contract factories such as Hon Hai Precision Industry Co Ltd’s Foxconn, who paid the royalties and were reimbursed by Apple. Apple alleges the practices kept rivals like Intel Corp out of the market for years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple adds more suppliers, including Foxconn, to clean-energy programForty-four companies are now in the program, including Hon Hai Precision Industry Co Ltd, whose Foxconn unit makes iPhones, and Taiwan Semiconductor Manufacturing Co Ltd, which supplies the A-series chips that power all of Apple’s mobile devices
Source: globeandmail - 🏆 5. / 92 Read more »

Autism job fair to take place today in Metro VancouverCompanies that will be on site include Apple, Rogers, Bell, RBC, Scotiabank, HSBC, Loblaws, Shoppers Drug Mart and General Motors.
Source: VancouverSun - 🏆 49. / 61 Read more »