Qualcomm Litigation and Settlement
On April 26, 2009, Broadcom settled four years of legal battles over wireless and other patents with Qualcomm Inc., another fabless semiconductor company headquartered in San Diego, California, USA.
The deal ended the patent litigation as well as complaints of anti-competitive behavior before trade commissions in the U.S., Europe and South Korea. As part of the settlement, Qualcomm is paying $891 million in cash to Broadcom through April 2013.
In June 2007, the U.S. International Trade Commission blocked the import of new cell phone models based on particular Qualcomm microchips. They found that these Qualcomm microchips infringe patents owned by Broadcom.
Read more about this topic: Broadcom
Famous quotes containing the word settlement:
“[The Settlement House] must be grounded in a philosophy whose foundation is on the solidarity of the human race, a philosophy which will not waver when the race happens to be represented by a drunken woman or an idiot boy.”
—Jane Addams (1860–1935)