April 27, 2009 at 12:00 AM
1 minute read
SAN DIEGO AP – Chip maker Qualcomm Inc. said late Sunday it will pay Broadcom Corp. $891 million over four years to settle a longstanding dispute over patents and royalties.
The company said it will pay $200 million of the settlement in the quarter ending June 30. The agreement dismisses with prejudice all litigation between the companies, including overseas, with Broadcom agreeing withdraw its complaints to the European Commission and the Korea Fair Trade Commission.
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