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Qualcomm advances lawsuit against Apple manufacturers

Published 05/25/2017, 08:10 AM
Updated 05/25/2017, 08:10 AM
© Reuters.  Qualcomm advances lawsuit against Apple manufacturers
  • Qualcomm (NASDAQ:QCOM) is seeking an injunction requiring Apple's (NASDAQ:AAPL) contract manufacturers to pay royalties owed and accuses Apple of encouraging the non-payments as a way to shut down other pending legal actions.
  • Qualcomm received an FTC complaint in January for allegedly threatening Apple with higher royalty payments if Apple tried to get baseband chips from other companies. Apple responded with a $1B lawsuit in the U.S., a $140M suit in China, and a third suit followed in the United Kingdom.
  • Qualcomm countersued Apple, and then recently added a lawsuit against the contract manufacturers: FIH Mobile (OTCPK:FXCNY), Hon Hai Precision (OTC:HNHAY), Pegatron (OTC:PGTRF), Wistron (OTC:WICOF), and Compal Electronics (OTC:CMPCY).
  • Now read: Apple And Nokia (HE:NOKIA) Settle Their Differences


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