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U.S. Trade Commission will investigate Qualcomm's claims against Apple

Published 08/08/2017, 02:24 PM
© Reuters.  U.S. Trade Commission will investigate Qualcomm's claims against Apple
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  • The U.S. International Trade Commission will investigate Qualcomm’s (NASDAQ:QCOM) patent infringement claims against Apple (NASDAQ:AAPL).
  • The investigation will have a target completion date within 45 days.
  • In January, Apple sued Qualcomm for $1B on claims that the supplier was improperly charging royalties on tech it didn’t own.
  • In May, Qualcomm sought an injunction requiring Apple’s contract manufacturers to pay royalties and accused Apple of encouraging the non-payment.
  • Last month, Qualcomm asked a court to ban imports and sales of iPhones containing tech related to six of the company’s patents.
  • The legal battle with Apple has taken a toll on the supplier that was reflected in the last earnings report.
  • Previously: Qualcomm beats Q2 estimates, expects continued royalty damage from Apple (July 19)
  • Now read: Will Apple's Revenue Turn Around In Greater China?


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