Tag: ITC

Verizon pays Broadcom for chips, skips Qualcomm


Boxing ringSprint and Qualcomm might be getting chummy to slug it through this power management chip ban in the U.S., but Verizon’s going with the other side, and is liscencing Broadcom’s opposing patents for $6 per 1xEVDO device. Broadcom stands to make up to $200 million from the deal, maxing out at $40 million per quarter. With that, it sounds like everybody’s got their tag teams set up and the battle lines are drawn. In the red corner, we’ve got Qualcomm and Sprint, in the blue corner Verizon and Broadcom. Bush has sent an aide to look over the International Trade Comission ban, which could end the fight early if in Qualcomm’s favour, and should have an answer by August 6th.

Full press release behind the jump.