Qualcomm agrees to pay $891 million over 4 years to settle patent litigation with Broadcom

Qualcomm agrees to pay $891 million over 4 years to settle patent litigation with Broadcom

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Qualcomm to pay $891M to settle suit with Broadcom
SAN DIEGO — 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 [...]

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