Intel Says It Sold Its Modem Chip Business To Apple at ‘a Multi-Billion Dollar Loss’ Because Qualcomm Tactics Left It With No Other Choice
Intel offered its smartphone modem chip industry to Apple at “a multi-billion dollar loss,” the U.S. chipmaker mentioned in a court docket submitting on Friday, alleging that rival Qualcomm compelled it out of the marketplace. From a file: Intel made the claims in a temporary filed with the ninth U.S. Circuit Court of Appeals, the place Qualcomm is looking for to overturn a sweeping antitrust resolution in opposition to it after dropping a lawsuit through the U.S. Federal Trade Commission. Intel, whose executives testified at the trial, argued on Friday that the ruling must stand. Appeal complaints are anticipated to start out in January. In a 233-page resolution issued in May, U.S. District Judge Lucy Koh in San Jose wrote that Qualcomm’s patent licensing practices “strangled competition” in portions of the marketplace for modem chips that attach smartphones to cellular information networks. She ordered the San Diego-based corporate to renegotiate licensing agreements at cheap costs.