Apple and Nokia Bury the Patent Hatchet
Apple today said it has settled its patent complaints against Nokia and the two have signed a multi-year patent license. The two corporations sued one another in December of last year concerning licensing fees for Nokia's patents. Nokia said Apple refused to pay fair prices, while Apple accused Nokia of antitrust behavior. Nokia had sold its patents to patent-assertion firms that then demanded higher rates. Moving forward, Nokia will provide Apple with network infrastructure products and services, and Apple will resume selling Nokia-owned smart devices (Withings) as the two look at future potential digital health offerings. Apple is set to pay Nokia a significant upfront fee and then on-going payments. Both companies expressed positive sentiments in having the matter behind them. "We are pleased with this resolution of our dispute and we look forward to expanding our business relationship with Nokia," said Apple COO Jeff Williams. Companies often use lawsuits as a negotiation tactic.
Feb 20, 2018
Google today released Google Pay, the revised payment application and service that replaces Android Pay. Google Pay encompasses most features of Google Wallet and Android Pay in a single app, allowing people to use Google Pay to make payments online and via mobile devices.
Aug 10, 2018
Qualcomm has reached an agreement with Taiwan to close an investigation concerning its patent licensing practices. Qualcomm will pay a fine of $93 million, and has promised to invest some $700 million in Taiwan over the next five years.
Nov 6, 2018
Qualcomm was dealt a blow by U.S. Federal Judge Lucy Koh today, who ruled that the chip giant must license some of its mobile technology patents to competing companies.
Feb 16, 2018
Qualcomm today said Broadcom's acquisition offer simply isn't good enough as currently proposed. The companies met earlier this week to go over some of the finer points of Broadcom's $121 billion bid to purchase Qualcomm, and Qualcomm still came away leery that the deal won't work out.