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Qualcomm CEO: Apple demanded we pay $1B to win iPhone chip deal

[2019-01-14 14:20:25]

Back in 2011, Apple Inc. began negotiating with chip giant Qualcomm Corp. about adopting the company’s latest smartphone modem chips in the iPhone. There was just one catch: Apple demanded Qualcomm fork over a $1 billion “incentive payment” to sweeten the deal, Qualcomm CEO Steve Mollenkopf testified in a court hearing in San Jose on Friday. The lawsuit, brought by the U.S. Federal Trade Commission, offered a rare glimpse into the high-stakes negotiations over the iPhone, and Apple’s supply…

Qualcomm CEO: Apple demanded we pay $1B to win iPhone chip deal

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