BlackBerry said Wednesday it has been awarded $815 million in an arbitration decision for excess royalties it had paid to chip company Qualcomm.
Qualcomm and BlackBerry had entered into an agreement in April last year to arbitrate a dispute over whether Qualcomm’s agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the two companies.
Qualcomm has faced charges of excessive royalty rates by regulators as well as other companies. Apple filed a lawsuit in January in a U.S. federal court in California against Qualcomm, objecting, among other things, to the chip company charging a royalty on the selling price of phones rather than on the value of the specific baseband chipset supplied for the iPhone.
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