Apple Inc
The $1 billion payment as part of a 2011 deal between Apple and Qualcomm was meant to ease the technical costs of swapping out the iPhone`s then-current chip with Qualcomm`s.
But Qualcomm CEO Steve Mollenkopf testified at a trial with the U.S. Federal Trade Commission that the hefty payment was part of why Qualcomm sought to become the sole supplier of Apple`s so-called modem chips.
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Updated: Sat, Jan 12, 2019
06:30 am
06:30 am
Reuters