BlackBerry Wins $815M from Qualcomm for Overpaying Royalties
BlackBerry today said it received a favorable outcome after arbitrating a royalty payment issue with Qualcomm. The two companies entered into arbitration on April 20, 2016, over a dispute concerning "whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties." The binding arbitration settlement determined that Qualcomm's agreement did in fact apply to such payments, resulting in BlackBerry paying Qualcomm too much money. BlackBerry was awarded $814.8 million in royalty overpayments. Qualcomm said it was disappointed with the decision, but it cannot appeal. BlackBerry CEO John Chen said, "BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners."
Qualcomm Must Pay BlackBerry $940M to Settle Royalty Spat
BlackBerry today announced the final award in an arbitration case between it and Qualcomm that was tentatively settled in April. Qualcomm must repay BlackBerry of a total amount of $940 million, including interest and attorneys' fees — a number that's $125 million more than the original award announced last month.
Qualcomm Goes After Apple's Manufacturing Partners
Qualcomm is targeting companies that manufacture Apple products in an attempt to recover royalty payments. Qualcomm sued Foxconn, Pegatron, Wistron, and Compal Electronics seeking patent fees.
BlackBerry to Pay Nokia $137 Million to Settle Dispute
BlackBerry today said it has agreed to pay Nokia a fee of $137 million over payments due for licensing certain patented technology. The decision was reached in the International Court of Arbitration and is binding.
Qualcomm Settles with Chinese Anti-Monopoly Investigation
Qualcomm today said it has reached a resolution with China's National Development and Reform Commission (NDRC) over allegations that the chipmaker violated monopoly laws. First, Qualcomm has agreed to pay the NDRC a fine of approximately $975 million.