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.