Qualcomm hails United States regulator investigation into Apple as patent war continues
10 Августа 2017, 01:51 | Camille Rivera
US trade officials to investigate Qualcomm's allegations Apple's iPhone 7 infringes on its patents
In the new claims, ApplesaidQualcommviolated a May ruling by the Supreme Court by essentially seeking payment twice for its inventions-through chip sales and royalties.
Qualcomm argued against the allegations, calling them "baseless" and an intentional mischaracterization of its agreements with Apple.
SAN DIEGO - August 8, 2017 - Qualcomm Incorporated (Nasdaq: QCOM) today announced that the United States International Trade Commission (ITC) has commenced an investigation into Apple Inc. It's possible Apple helped the KFTC because it was already frustrated with Qualcomm's royalty rates or other Qualcomm actions, and may have thought the KFTC investigation had merit.
US trade officials announced Tuesday they will investigate claims made by chipmaker Qualcomm that Apple infringed on patents with components in its smartphones, APA reports quoting Anadolu agency. On the other side, a group of companies, including Alphabet (Google's parent), Microsoft, Amazon and Facebook, supportApple in this case, saying that pursuing this reported patent violation will ultimately harm consumers and the market in general.
Apple did not respond to a request for comment on the matter. However, with the ITC involved now, analysts are keen to see an outcome as the trade regulator is known for its speedy resolution of cases.
"The US International Trade Commission has voted to institute an investigation of certain mobile electronic devices and radio frequency and processing components thereof", the agency said. The products at issue in the investigation are mobile electronic devices, such as the iPhone 7, and specific components for such devices, such as baseband processor modems.
The USITC said it plans to end the investigation within 45 days and make a final determination regarding Qualcomm'scomplaint soon after.
"Qualcomm has not made such an offer to Apple", Cook said during the call. Year to date, the stock is up more than 38%, while in the last year, it is up nearly 49%.
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