Broadcom and Qualcomm find mutual understanding through the handing over of vast amounts of cash.
They’ve been warring over patents since 2006 (though it feels ”much, much” longer) so thank heavens Qualcomm and Broadcom have finally learnt to kiss and make up – it’s amazing what $891m can do…
The king sized settlement was agreed by Qualcomm over the weekend which *deep breath* “will result in the dismissal with prejudice of all litigation between the companies, including all patent infringement claims in the International Trade Commission and U.S. District Court in Santa Ana, as well as the withdrawal by Broadcom of its complaints to the European Commission and the Korea Fair Trade Commission.”
The $891m will be paid over a four year period and won’t affect Qualcomm’s existing 3G and 4G licensing revenue model. In a newly buddied up joint statement Qualcomm CEO Paul E. Jacobs and Broadcomm president Scott A. McGregor declared “We believe that this resolution is positive for both Qualcomm and Broadcom, our customers, our partners and the overall industry.” Personally I suspect Broadcom may have the slightly wider smiles of the two.
In all fairness, both companies are absolutely key to the continued rapid evolution of the dumb and smartphone industries with Broadcom creating genius like the BCM2727′ VideoCore III GPU and Qualcomm wowing us with the first 1GHz phone CPU.
Now let’s see a little kissy…