Intel says Qualcomm tactics forced it out of modem chip market - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Intel says it sold its modem business to Apple at a 'multi-billion dollar loss' because Qualcomm 'strangled competition'

Qualcomm'sIntel was Qualcomm's chief rival in modem chips, and sold the components to Apple for the iPhone.Intel Corp sold its smartphone modem chip business to Apple at "a multi-billion dollar loss," the U.S. chipmaker said in a court filing on Friday, alleging that rival Qualcomm forced it out of the market.

In a 233-page decision issued in May, U.S. District Judge Lucy Koh in San Jose wrote that Qualcomm's patent licensing practices "strangled competition" in parts of the market for modem chips that connect smartphones to mobile data networks. She ordered the San Diego-based company to renegotiate licensing agreements at reasonable prices.Intel was Qualcomm's chief rival in modem chips, and sold the components to Apple for the iPhone.

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:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Intel says Qualcomm tactics forced it out of modem chip marketIntel Corp sold its smartphone modem chip business to Apple Inc at 'a multi... lol. no. complacency forced intel out.
Source: Reuters - 🏆 2. / 97 Read more »

Intel says Qualcomm tactics forced it out of modem chip marketIntel Corp sold its smartphone modem chip business to Apple Inc at 'a multi... lol. no. complacency forced intel out.
Source: Reuters - 🏆 2. / 97 Read more »

Argentinian PFM fintech Ualá raises $150 million - Business Insider - Business InsiderArgentinian personal finance management fintech Ualá has raised $150 million led by Tencent and Softbank's Latin America-focused Innovation Fund: A OP
Source: BusinessInsider - 🏆 729. / 51 Read more »

Billionaire investor Ray Dalio says inviting conflict is one of his keys to success - Business InsiderThe Bridgewater Associates boss said that curiosity should be a motivator, and by disagreeing and inviting conflict you get better outcomes. Of course, you can't agree on everything bozos say out there. Nazi Soros knows that very well!
Source: BusinessInsider - 🏆 729. / 51 Read more »

China wants to speed up business reforms, investment to boost slowing economy: premierChina will speed up reforms to help build a market-based, globalized business en... to china start a war works for america Uhmmm, this will work different than the expect What about speeding up the human rightsreforms. Uighurs
Source: Reuters - 🏆 2. / 97 Read more »

The top 20 Black Friday bestsellers among Business Insider readers last yearFrom Instant Pots to Echo Dots to 23andMe DNA test kits, these were the 20 top sellers on Black Friday among Business Insider readers last year.
Source: BusinessInsider - 🏆 729. / 51 Read more »