Apple claims that Qualcomm is withholding cost of greater than $1 billion.
Apple is suing Qualcomm, claiming that the chip maker is withholding over $1 billion in rebates for licensing charges from Apple. The corporate additionally accuses that Qualcomm of retaining a monopoly on chips for wireless units akin to smartphones and drugs.
Apple is not easy Qualcomm hand over cash that used to be intended to be a rebate for licensing charges. Qualcomm is keeping again the cash as punishment for Apple cooperating with Korean antitrust regulators, consistent with the grievance filed in San Diego, California, the place Qualcomm is primarily based.
Ultimate month, South Korea fined Qualcomm 1.03 trillion gained (about $890 million), describing the corporate's practices as monopolistic. Qualcomm is lately being sued through the U.S. Federal Industry Fee (FTC), whilst additionally underneath investigation via government within the Ecu Union and Taiwan.
Qualcomm supplies processors, wireless modems, and different chips to smartphone makers around the globe. Apple particularly uses the corporate's wireless modems, despite the fact that the iPhone 7 and iPhone 7 Plus use wireless modems from Intel in sure fashions.