Qualcomm Rejects Broadcom Offer

Susan Hall

Qualcomm has rejected an offer from Broadcom to settle their patent dispute over cell phone technology because the proposal would cost up to $2 billion, reports BusinessWeek.

 

The U.S. International Trade Commission on June 7 banned imports of new phone models containing Qualcomm chips, saying they infringe on a Broadcom patent.

 

Broadcom this week asked Qualcomm for $6 per handset sold that contained chips with the contested patent, which covers a feature that conserves battery power. That would require Qualcomm to pay between $1.5 billion and $2 billion for the three years remaining on the patent.

 

Instead, Qualcomm has offered to pay $100 million and agreed to the parties giving each other access to patents royalty-free, according to the Los Angeles Times.



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