Broadcom And Qualcomm To Finally Settle

In a recent press release, it seems like the seemingly never-ending legal battle between Qualcomm and Broadcom might actually be coming to an end. The companies have actually entered into a settlement and multi-year patent agreement, and one of the deals is that Qualcomm will have to shell out $891 million to Broadcom over a 4-year period. Some of the details of the settlement include:

• Broadcom and Qualcomm agree not to assert patents against each other for their respective integrated circuit products and certain other products and services;
• Broadcom agrees not to assert its patents against Qualcomm’s customers for Qualcomm’s integrated circuit products incorporated into cellular products;
• Qualcomm’s customers do not receive rights to any of Broadcom’s patents with respect to Qualcomm integrated circuit products incorporated into non-cellular products and equipment;
• Qualcomm agrees not to assert its patents against Broadcom’s customers for Broadcom’s integrated circuit products incorporated in non-cellular products;
• Broadcom customers do not receive rights to any of Qualcomm’s patents with respect to Broadcom integrated circuit products incorporated into cellular products and equipment;
• Qualcomm will pay Broadcom $891 million in cash over a period of four years, of which $200 million will be paid in the quarter ending June 30, 2009. The agreement does not provide for any other scheduled payments between the parties.