References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. Qualcomm products referenced on this page are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures.
Apple and Qualcomm have refused to budge in their fight over iPhone patent royalties, so they're headed to court. A federal judge in San Diego has scheduled the companies' trial for April 15th, 2019. Qualcomm had wanted a trial in February, but the judge determined that a delay was necessary due both to the court's schedule as well as the complexity of the case. There had been rumors of a settlement, but Apple has repeatedly stressed that there are no ongoing talks and that the two sides haven't met for "months." Apple has accused Qualcomm of double-dipping on patent royalties, charging both when Apple licensed the patent portfolio and again when it sold cellular chipsets.
Qualcomm has officially rejected Broadcom's $105 billion acquisition offer -- an offer so huge it was set to become the world's largest tech deal. The San Diego-based chipmaker announced on Monday that it was passing on the acquisition, which Broadcom actually valued at $130 billion taking Qualcomm's $25 billion debt into account. Well, for the simple reason Qualcomm believes it's worth more money. SEE ALSO: Apple and Qualcomm's messy feud could result in iPhones with inferior chips The company creates key wireless technology like modems and processors for popular smartphones like the iPhone. And though Qualcomm is in the midst of a legal dispute with Apple, the company still believes its overall value is higher than what Broadcom was offering.
As part of its bid to take over Qualcomm, Broadcom has also launched a campaign with Qualcomm shareholders to replace Qualcomm's board. Both companies are due to meet proxy advisory firms ISS and Glass Lewis before their Feb. 14 meeting to argue why Qualcomm shareholders should back them in a vote scheduled for March 6.