BlackBerry wins $814.9m from Qualcomm in royalty dispute

San Francisco - BlackBerry Ltd. said it was awarded $814.9m in arbitration following a dispute with Qualcomm Inc. over royalty payments.

The Waterloo, Ontario-based company, which made smartphones before shifting its focus to software, agreed last year to an arbitration hearing over the dispute, which centered on whether Qualcomm was required to cap certain royalty fees under a licensing pact between the two companies, according to a statement on Wednesday.

Qualcomm, which owns patents that cover the fundamentals of modern mobile technology, gets a cut of the selling price of handsets from phone makers, whether they use its chips or not.

The San Diego-based semiconductor maker gets the majority of its profit from those payments.

"BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners," BlackBerry Chief Executive Officer John Chen said in the statement.

"We are pleased the arbitration panel ruled in our favor and look forward to collaborating with Qualcomm in security for ASICs and solutions for the automotive industry."

The final amount of the award, including interest and attorney fees, will be announced after a hearing on May 30, BlackBerry said.

Read Fin24's top stories trending on Twitter:

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
17.94
-0.6%
Rand - Pound
19.39
+0.2%
Rand - Euro
17.39
-0.1%
Rand - Aus dollar
11.64
-0.1%
Rand - Yen
0.12
-0.3%
Gold
1,652.38
-0.5%
Silver
18.77
-0.7%
Palladium
2,135.00
-0.7%
Platinum
859.50
-0.8%
Brent Crude
89.32
+3.4%
Top 40
57,413
0.0%
All Share
63,808
0.0%
Resource 10
57,878
0.0%
Industrial 25
78,523
0.0%
Financial 15
14,099
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders