13 April 2017
Ontario
Reporter: Barney Dixon
Qualcomm to pay $815 million to BlackBerry
Qualcomm must pay BlackBerry nearly $815 million after a binding arbitration hearing.

The two companies agreed to arbitrate the dispute last year. It centered on whether Qualcomm’s agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal between the parties.

According to a statement from BlackBerry, the arbitration resulted in an $814.8 million award for the smartphone company, including interest and reasonable attorney fees to be issued after a hearing on 30 May.

BlackBerry CEO John Chen said the company maintains a good relationship with Qualcomm, despite the hearing, describing the semiconductor maker as “valued technology partners”.

“We are pleased the arbitration panel ruled in our favour and look forward to collaborating with Qualcomm in security for ASICs and solutions for the automotive industry.”

The ruling adds to Qualcomm’s list of 2017 pains, which began with a Federal Trade Commission lawsuit in January.

Apple then filed its own lawsuit against Qualcomm in both the US and China, demanding more than $1 billion.

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