Qualcomm and Broadcom settle patent dispute

Qualcomm and Broadcom have announced that they have entered into a settlement and multi-year patent agreement. The agreement will result in the dismissal with prejudice of all litigation between the companies, including all patent infringement claims in the International Trade Commission and US District Court in Santa Ana, as well as the withdrawal by Broadcom of its complaints to the European Commission and the Korea Fair Trade Commission.

Under the agreement, the companies have granted certain rights to each other under their respective patent portfolios. Qualcomm will pay Broadcom US$891 million over a four-year period. The terms of this agreement will not result in any change to Qualcomm's 3G (CDMA2000, WCDMA and TD-SCDMA) and 4G (LTE and WiMAX) licensing revenue model, they said.

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